HALISTER1: U.K. Will Probe Guardian Report of Money Laundering: Minister

U.K. Will Probe Guardian Report of Money Laundering: Minister

(Bloomberg) -- U.K. Treasury Minister Simon Kirby tells lawmakers in House of Commons that officials will study allegations about U.K. banks to assess if investigation is warranted.
  • “We’ll investigate closely” where “recent information” suggests it is needed, Kirby says
  • Any probe would be led by Financial Conduct Authority, minister says
  • “We’re determined to make Britain the most difficult place in the world for international crime networks to channel their finances”
NOTE: Laundered Russian Cash Went Through Big Banks, Guardian Says Link

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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