UK Launches Anti-Corruption Strategy

The UK government unveils a new Anti-Corruption Strategy, focusing on combating financial crimes and closing loopholes, particularly in crypto assets used to circumvent international sanctions. The strategy aims to enhance enforcement, root out corruption within public services, and reform courts to tackle complex economic crimes. The UK faces significant challenges, with over $133 billion laundered annually and businesses facing numerous bribe offers. The strategy targets both domestic and foreign corruption, with a focus on enhancing police enforcement, strengthening UK institutions, and collaborating with international partners. The UK will host an international summit on illicit finance in June 2026 to create new agreements to tackle modern methods of money laundering.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.