UK must crack down on dirty money after Russia report, says Labour

Party warns minister not to shrug off damning intelligence and security committee report

Labour has stepped up pressure on the government to launch a tougher crackdown on money laundering after the Russia report warned that the City of London was being used as a “laundromat” for illicit funds.

Issuing a warning to Boris Johnson’s government that it could not shrug off the damning intelligence and security committee report, the party called for urgent steps to be taken to clean up business practices and to prevent dirty funds from being recycled in the “London laundromat”.