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Britain needs to increase its number of experienced investigators and banking compliance examiners and adopt stronger legislation to improve lax anti-money laundering efforts in its overseas territories, according to a government report released Thursday. The British government has failed to ensure its 14 overseas territories have the required "investigative capacity" to scrutinize cases of suspected money laundering, according the report, issued by a U.K. legislative committee that oversees government expenditures. The report comes at a time when the U.K. and the European Union are adopting aggressive measures to fight money launderers and terrorists. That puts pressure on the U.K.'s offshore...