UK failing to fight ‘dirty money epidemic’ costing £350bn a year, MPs warn

Dame Margaret Hodge, who has long campaigned on tackling corruption, has warned that enforcement agencies are failing to use the tools at their disposal to fight the dirty money crisis and called for enhanced transparency of beneficial ownership in offshore tax havens and public information on owners of UK property. Hodge stated that “Economic crime is costing our economy £350bn each year.”..