UK WANTS PRIVATE SCHOOLS TO STOP LETTING CRIMINALS PAY FOR ELITE EDUCATIONS

Quartz on 17th September reported that the NCA said that some of the money laundered in the UK is being filtered through private schools – and it criticised elite schools for failing to flag suspicious payments to the government.  It says that the average cost of a child attending a non-boarding private secondary school is more than £17,000 a year; and as well as being expensive, these schools are also increasingly international – of the 529,000 students attending these schools last year, about 10% were non-British pupils.

https://qz.com/1392063/money-laundering-in-the-uk-private-schools-in-the-crosshairs/

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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