The UK Economic Secretary to the Treasury and banks have been criticised by MPs over Britain’s alleged role in a transnational money laundering scheme. However, closer examination shows that combating money laundering may not be as simple as MPs and other critics think.
A House of Commons Defence Committee report published on 1 May has echoed a major RUSI study published last year which called for the creation of an Armed Forces Covenant programme office situated in the Cabinet office.
As a member of the EU, the UK has been a strong leader in the design and implementation of sanctions. Brexit will create complexity for policymakers and the private sector and result in a loss of UK influence and effectiveness.