New bank levy must be used effectively in fight against dirty money

“Today’s announcement that the government will introduce a levy on banks to tackle money laundering is very welcome. As the news of another Unexplained Wealth Order showed again yesterday, the UK is often at the heart of international corruption investigations. The money raised must be used to bring the real owners of UK properties, companies and trusts into the light, by reforming Companies House, introducing a register of the real owners of properties without delay, and giving law enforcement the resources they need to investigate and prosecute people who don’t play by the rules.”