Money laundering in London

Meeting: 
MQT on 2017-12-14
Session date: 
December 14, 2017
Reference: 
2017/5017
Question By: 
Siân Berry
Organisation: 
City Hall Greens
Asked Of: 
The Mayor

Question

During the 2016 Mayoral election you claimed that London is the "world's capital for money laundering". What research have you done to support this claim and what measures have you put in place to ensure this is no longer the case?

Answer

Answer for Money laundering in London

Answer for Money laundering in London

Answered By: 
The Mayor

The statement that London is the "world's capital for money laundering" has been widely used by many in politics, media and those in the academic world. The MPS remain at the forefront in the global law enforcement response to fighting money laundering.  The MPS has over 300 dedicated financial investigators and these officers are engaged proactively and reactively with significant success.