Finance Innovation Lab’s report 2026 reveals £325B in illicit funds flows through the UK annually, rising to £788B with linked offshore jurisdictions, exposing major ML, corruption and tax abuse risks

The report argues that the UK’s position as a global financial centre, combined with the use of offshore structures and professional enablers, continues to make it vulnerable to money laundering, corruption, tax abuse and other illicit financial flows. It calls for stronger transparency measures, enhanced enforcement capabilities and greater scrutiny of those facilitating financial transactions, warning that illicit finance remains a significant threat to economic integrity, governance and national security…