U.K. Brings in Top Bankers to Fight Financial Crime
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The U.K. government drafted in senior executives from banking giants Barclays Plc, Lloyds Banking Group Plc and Banco Santander SA to help it combat financial crime.
The new Economic Crime Strategic Board, led by Chancellor of the Exchequer Philip Hammond and Home Secretary Sajid Javid, will meet twice a year to help set priorities and direct resources for tackling money-laundering, bribery, corruption and fraud. Law enforcement officials, lawyers, accountants and real estate agents will also be represented on the board, according to a government statement.