Comment: Foreign Money Laundering Inquiries to UK Leap

Share this post:

Following the announcement that requests from foreign governments as part of investigations into money laundering leapt 12 per cent to 163 last year, according to Home Office data Mike Harris, Financial Crime Director at LexisNexis Risk Solutions, says

“While financial crime continues to be a significant concern, these figures show substantially more is being done today to halt its advance than in previous years. In particular, as the number of enquiries relating to foreign investigations into money laundering have risen, cross-border collaboration and information sharing between institutions outside of the UK have also soared. Recent developments, such as the formation of the Joint Money Laundering Intelligence Taskforce (JMLIT), have nurtured a new wave of collaboration between financial institutions and law enforcement agencies across Europe. This has helped banks, law enforcement agencies and regulators to focus their resources more acutely to reduce crime and identify more criminals. Therefore, increased information requests is not a sign of the market failing, but of the market moving in the right direction.”

Share this post:

InsurTech NY: General Magic on How AI Text Agents Are Cutting Insurance Quote Time

Insurtech

Read more
NOTO: Why AI Fraud Prevention Needs Human Interaction to Beat the ‘Tick in the Box’ Mentality

Fintech TV

Read more
MPE 2026: Mastercard and Deutsche Bank on Reducing Complexity for Merchants

Event Videos 2026

Read more
InsurTech NY: QuickFacts on Broker Data

Insurtech

Read more
Houston Fraley on Why Security Is the Foundation of Trust in FinTech

Thought Leadership

Read more

InsurTech NY: General Magic on How AI Text Agents Are Cutting Insurance Quote Time

Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]

Top Story

InsurTech NY: QuickFacts on Broker Data

Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]

Top Story

CLEO Trading Platform Integrates with Gold-i’s MatrixNET Liquidity Management Platform to Set New Standard for Prop Firms

CLEO, the first trading platform built specifically for crypto and CFD prop firm traders, has integrated with Gold-i’s MatrixNET liquidity management and distribution platform, providing a market leading offering for prop firms, from infrastructure through to interface.

Top Story

ABHI Partners with GCC Exchange to Enable Instant Wage Access and Seamless Remittances Across the UAE

GCC Exchange, a leading name in remittance and foreign exchange services across the region, has announced a strategic partnership with Abhi Middle East Limited, one of the MENAP region’s neobanks of the future and SME-lending fintech, backed by Hub71 and Abu Dhabi Investment Office. This collaboration is designed to enable UAE-based workers with real-time access to their earned wages, alongside efficient and reliable cross-border remittance services.

Top Story

Tether Leads Support to the $150M Drift Recovery Plan, Stabilizes Relaunch as Drift Plans to Expand USD₮ Usage on Solana

Tether, the largest company in the digital asset ecosystem, announced today a strategic collaboration with Drift Protocol and partners to support user recovery and relaunch the Drift platform following its April 1 exploit, which resulted in approximately $285 million in user losses.

Top Story

CTBC USA Chooses Narmi for Strategic Digital Banking Initiatives

Narmi, a leading digital banking platform provider for banks and credit unions, today announced that CTBC Bank USA has selected Narmi to support the bank's future digital banking initiatives.

Top Story

Tabby Secures Wallet Licence in the UAE

Tabby has been granted a Stored Value Facilities (SVF) licence by the Central Bank of the UAE (CBUAE), authorising the company to hold customer funds and introduce a new suite of financial products, including spending accounts, cards and money management tools.