Authorities in London aren't adequately tackling financial crime because of a shortage of resources, a group of British parliamentarians has found. London, which has arguably overtaken New York as the world's business and finance capital, has also seen a spike in reported fraud cases, about 18,000 to 20,000 per month, police told the All Party Parliamentary Group on Anti-Corruption (APPG). Law enforcement can't investigate them all and sometimes acts to simply disrupt the fraudulent activity, such as shutting down a website, rather than investigating it, police said. "The police confirmed that their work would benefit from more resources," the Members...
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