The U.K. has an ongoing problem with money laundering, but recent changes to economic crime law and corporate registration requirements could bring more cases to court, according to consultancy KPMG.
KPMG’s latest Fraud Barometer, published in February, found that while the total value of fraud identified this year has fallen, money laundering bucked the trend. Fraud related to money laundering was the highest value fraud category in the U.K. in the past six months, and nine cases with a total value of 128.2 million pounds (U.S. 161 million) went through the courts.
