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British Lawmakers Want Probe of U.K. Money-Laundering Reputation

  • FinCEN Files say U.S. considers U.K. higher-risk jurisdiction
  • MP Stride seeking review of rules on property and art deals
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FinCEN Leak Shows Need for More Anti-Laundering Work, BOE Says

A British parliamentary committee that scrutinizes financial affairs has asked the government and securities regulator to look into reports that the U.S. considers the country a “higher risk” jurisdiction for money laundering and economic crime.

In one of the first responses by U.K. politicians to leaked U.S. regulatory documents, Mel Stride, a member of the ruling Conservative Party and chair of the Treasury Committee, also requested that agencies review efforts to secure the financial system.