AUTHOR: Valerie Carlson
DATE: December 5, 2019
“Why is the UK a Haven for Money Laundering?” Guildhawk Director David Clarke Speaks to the OCCRP
“Money laundering from things like drugs, tax avoidance, tax evasion, bribes, other times it may be fraud; these are the things that generate enormous amounts of money, and you’ve got to put that money somewhere. And we’ve made Britain very attractive over the years to do that.”
Speaking to the Organized Crime and Corruption Reporting group, in his capacity as Chairman of the Fraud Advisory Panel, Guildhawk Director David Clarke discussed how the UK has made it “too easy” to set up a company, to the detriment of due diligence and checks – an ideal environment for criminals to flourish.
The interview was linked to an investigation being carried out by the OCCRP and The Times into company formations agents, and the position they occupy within this system. During the interview, David called for reinforcement of regulation, and doubling of law enforcement to fight the money laundering epidemic and restore the good name of Britain for honest, ethical business