Recommendation 6

While there has been progress in developing laws and regulations to curb money laundering in the UK in recent years, enforcement has been inadequate, not least because of a lack of enforcement capacity. State agencies have been under-resourced in comparison with the wealthy individuals they are investigating. We reiterate the recommendation in our 2022 report, ‘The cost of complacency: illicit finance and the war in Ukraine’, that the Government increase resources available to law enforcement authorities, including the National Crime Agency and the Serious Fraud Office, to ensure that they have the capacity to conduct effective actions against those engaged in illicit finance.