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Key Players in the European Payments Landscape - 2021 Report

Key Players in the European Payments Landscape - 2021 Report
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UK payments community calls for action to tackle financial crime – Bankless Times


UK payments community calls for action to tackle financial crime
The UK financial services industry must do more to face down the threat posed by money laundering and payments-related financial crime, according to a new report published by the Emerging Payments Association (EPA).
The issue of money laundering in the UK has become ever more pressing in recent years. The country’s National Crime Agency (NCA) observed in its recent national strategic assessment that the scale of money laundering through the UK could potentially be “in the hundreds of billions of pounds” annually. This can have a significant negative impact on the UK’s economic and social fabric, due to its association with a number of other crimes, from modern slavery, to human trafficking, and other illicit trade activity. ....

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