Money Laundering: Prosecutions
(asked on 26th March 2018) - View Source
Question to the Home Office:
To ask the Secretary of State for the Home Department, how many corporate prosecutions there have been for money laundering under s327 of the Proceeds of Crime Act of 2002.
This question was answered on 6th April 2018
No businesses were proceeded against at magistrates’ courts for this offence from 2012 to 2016. More than 6600 individuals have been convicted of money laundering offences in the same period. The Financial Conduct Authority has levied a number of fines against banks which have failed to implement proper anti-money laundering controls.