UK MUST TAKE ACTION ON 4 FRONTS TO TACKLE DIRTY MONEY AND ECONOMIC CRIME

A report from the Policy Institute at King’s College London in March was by Labour MP Margaret Hodge, a former Chair of the House of Commons Public Accounts Committee.  She argues that the UK needs –

  • Greater transparency, to better follow money flows in the financial sector and expose decision-making to scrutiny in the public sector;
  • To reinforce the pillars of accountability that support our democracy – from an independent judiciary and civil service to a powerful parliament and robustly independent media;
  • Stronger financial and constitutional regulation to prevent and punish financial crime and corrupt behaviour in the public domain; and
  • Better enforcement to police our systems more effectively.

Hodge says such steps are needed because financial malpractice in the UK has flourished due to a culture of deregulation and light-touch enforcement which is now seeping into British politics. 

https://www.kcl.ac.uk/policy-institute/research-analysis/losing-our-moral-compass

https://www.kcl.ac.uk/policy-institute/assets/losing-our-moral-compass-corrupt-money-and-corrupt-politics.pdf

Any modest contributions for my time and ongoing expenses are welcomed!  I have a page where you can do so, and where one-off contributions start as low as $3, at

https://www.buymeacoffee.com/KoIvM842y

NOTE THAT THE ABOVE LINK IS NOW CORRECTED AND WORKS!

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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