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Former London MP Margaret Hodge made anti-corruption champion to target 'dirty money' in Britain and overseas

The article from The Standard discusses the ongoing issue of London being a hub for "dirty money" despite efforts to combat corruption. Margaret Hodge, a prominent Labour MP and chair of the All-Party Parliamentary Group on Anti-Corruption and Responsible Tax, has criticized the UK government for not doing enough to tackle financial crime. She highlights that while there have been some legislative advancements, such as the Economic Crime and Corporate Transparency Bill, the measures are insufficient. Hodge points out the lack of resources for enforcement agencies like the National Crime Agency, which she says are underfunded and understaffed. She also mentions the need for a comprehensive register of beneficial ownership to prevent the UK from being a safe haven for corrupt funds. The article notes that despite some progress, the UK's reputation as a place where illicit funds can be laundered remains, with Hodge calling for more decisive action to ensure London does not continue to be a "laundromat for dirty money."

Read the Full London Evening Standard Article at:
[ https://www.standard.co.uk/news/politics/london-dirty-money-anticorruption-margaret-hodge-b1198936.html ]