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UK Bipartisan Group Demands Stronger AML Reform

By Koos Couvée

A cross-party panel of influential lawmakers heaped pressure on U.K. officials to strengthen Britain's laws, regulations and enforcement against illicit finance on Thursday, a day after the government formally committed to introducing a second anti-financial crime bill this year. The Economic Crime and Corporate Transparency Bill, which aims to increase corporate transparency and strengthen the ability of investigators and prosecutors to seize cryptocurrencies of suspicious origin, was included in the government's Queen's Speech on Wednesday, setting the stage for its introduction in the coming months. Despite the government's commitment to anti-money laundering reform, a group of backbench lawmakers from the...

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