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Project Financial Crime published a white paper which calls for the UK financial services industry to do more to face down the threat posed financial crime


Project Financial Crime published a white paper which calls for the UK financial services industry to do more to face down the threat posed by money laundering and payments-related financial crime. The white paper - Facing up to Financial Crime — suggests a number of important recommendations, including an action plan to thwart this criminal activity through the development of a common digital identity solution. Supported by a syndicate of EPA members and led by Barclays and Refinitiv, this white paper explores the latest developments in the way fraudsters and money launderers abuse payment services and bank accounts to commit serious financial crimes, setting out 12 recommendations for industry members to take action. Project Financial Crime is already addressing some of these recommendations, and will track and advocate progress of those identified within this report throughout 2019–2022.

Thanks to our Benefactor, Refinitiv.

  • Published on 28th February 2019