UK will not be haven for dirty money, Lammy to say in corruption crackdown

Justice Secretary David Lammy will announce a new UK anti-corruption strategy aimed at preventing the laundering of illicit funds and tackling bribery across government and public services. The plan includes increased funding for the City of London police's domestic corruption unit and a global summit focused on combating the use of cryptocurrencies, gold, and property for illicit finance, potentially next year. The strategy will target "professional enablers" who assist in concealing illicit wealth, with increased coordination by the National Crime Agency and potential new sanctions. Margaret Hodge will lead a review of stolen assets in the UK to identify and close vulnerabilities exploited by criminals. The strategy also includes improving transparency in political donations and council contract awards, addressing the estimated £100 billion laundered annually through the UK.

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