Commentary

How firms can stem the illicit flow of £100bn per year through the UK

The Economic Crime Act means firms need to be on top of their due diligence

The NCA estimates £100bn of illicit finance is channelled through the UK each year
The NCA estimates £100bn of illicit finance is channelled through the UK each year Photo: Santima Studio/Getty Images

Neil Tansley is CEO of Efficient Frontiers International 

Tightening controls on the £100bn of illicit finance that the National Crime Agency estimates is channelled through the UK each year has now been catapulted to the top of everybody’s agenda, following the shocking invasion of Ukraine and the subsequent ‘Economic War’ unleashed by western governments in response.

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