London Called ‘Money Laundering Capital,’ While FinTech Startups Burdened by Regulation

London Called ‘Money Laundering Capital,’ While FinTech Startups Burdened by Regulation

An international crime expert has labeled London the center of international money laundering, saying the city's major banks disregard the anti-money laundering regulation that at the same time burdens FinTech startups. Roberto Saviano — the author of the popular crime investigation books “Gomorrah” and “Zero Zero Zero,” dealing with the Italian mafia and the cocaine trade, respectively — made the comment in an interview on July 4. In June, the UK's National Crime Agency published a report on the state of 'Serious and Organized Crime' in the country, which described how money laundering....


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