The UK government will invest 500 million pounds over the next three years in anti-money laundering efforts, with an additional 500 law enforcement officers to be hired.
2026-09-16 17:46:34
According to CoinMeta, the UK government will invest 500 million pounds over the next three years in anti-money laundering and asset recovery strategies. Additionally, 500 new personnel will be added to the police force, the National Crime Investigation Service (NCA), and the Crown Prosecution Service to track criminal funds. These funds come from economic crime taxes. It is estimated that over 100 billion pounds are laundered through the UK each year, and the development of fintech, cryptocurrencies, and [missing term] has increased related risks. The additional staff will support operations targeting Russian-speaking networks; as a result of these efforts, 119 individuals suspected of money laundering have been arrested, and more than 25 million pounds in cash and crypto assets have been seized. (Source: [missing source])
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