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Money Laundering and other Economic Crime

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What is Money Laundering and other Economic Crime?

“Money laundering underpins and enables most forms of organised crime, allowing crime groups to further their operations and conceal their assets. Although there are no exact figures there is a realistic possibility that the scale of money laundering impacting the UK annually is in the hundreds of billions of pounds.” NCA

Money laundering is the exchanging of money or assets that were obtained criminally, for money or other assets that are ‘clean’. 

Most high-end money laundering schemes are facilitated by the abuse of legitimate processes and services. Professionals such as accountants, legal professionals, and estate agents, can be criminally exploited or can be complicit, negligent, or even involved unwittingly. Watch this video which explains how trusted professionals can help law enforcement through due diligence and submitting a Suspicious Activity Report.

By identifying and arresting money launderers, law enforcement agencies can disrupt further criminal activity, and make the UK a difficult environment for those looking to launder criminal finances. 

Money laundering: Don't get caught out

  • Home Office

Recorded webinars to find out more about money laundering supervision 

  • Anti money laundering training courses are available via private providers

Useful Links

The National Economic Crime Centre (NECC) has been created to deliver a step change in the UK’s response to, and impact on, economic crime.

Visit the Website

The UK Financial Intelligence Unit (UKFIU) has national responsibility for receiving, analysing and disseminating financial intelligence gathered from Suspicious Activity Reports.

More information about the use of, and submitting,  Suspicious Activity Reports.

Submit a Report

House of Commons – Unexplained Wealth Orders.

Visit the Website

UK Government guidance – Who needs to register for money laundering supervision.

Read the Guidance

Help and Support

For victims, families and concerned people

If you have information about money laundering, please report it to the Police. Call 101 or report it online depending on your region of Wales – South Wales Police, Dyfed Powys Police, Gwent Police or North Wales Police.

In you wish to remain anonymous, contact the independent charity Crimestoppers on 0800 555 111 or online.