Labour government ambitious on financial crime

The new administration has made bold claims about its plans to fight tax evasion and money laundering, however time will tell how well the government uses the tools available. As the UK’s new Labour government settles into Parliament, it faces the challenge of bringing its agenda on financial crime to fruition. In its manifesto, the party said it intended to raise up to an extra GBP 5 billion a year by tackling tax avoidance and evasion, and raising over GBP 2.6 billion by closing t