FINANCIAL CRIME FIGHTING HAS LOST ITS WAY

It’s time to regenerate the UK’s fight against financial crime, argues RUSI’s Tom Keatinge.

This is a guest post by Tom Keatinge, who directs the Centre for Financial Crime & Security Studies at the Royal United Services Institute. It was published in the Financial Times on 2 September 2021.

“In recent years, the response to financial crime has been turned upside down. An impoverished government service that is unable to meet the significant challenges it faces, has been leaning evermore heavily on the banks. But while there is probably some value in fighting financial crime in this partnership mode, conflicts remain”.