Inquiries to Britain as part of investigations into money laundering have more than doubled since 2012

 
Shruti Tripathi Chopra
Follow Shruti
Official Figures Indicate Britain Is Heading Into Recession
In 2012, 73 MLA requests were made followed by 70 in 2013 (Source: Getty)

Inquiries to Britain as part of investigations into money laundering have more than doubled since 2012, new figures have shown.

The number of so-called mutual legal assistance (MLA) requests to the UK increased 12 per cent to 163 last year, up from 146 in 2015, figures obtained by Thomson Reuters’ legal business through a freedom of information revealed.

In 2012, 73 MLA requests were made followed by 70 in 2013.

Read more: Money laundering crimes "slipping through the net" because of cuts

Mutual Legal Assistance (MLA) is the method of co-operation between states for obtaining assistance in the investigation or prosecution of criminal offences.

The National Crime Agency (NCA) estimates that between £36bn and £90bn is laundered through the UK every year.

Back in March, the UK government set up the Office for Professional Body Anti-Money Laundering Supervision to crack down on illegal money entering the UK.

The new watchdog is a part of the Financial Conduct Authority.

Related articles