18 May 2017
Money laundering crimes could be “slipping through the net” because of cuts to the budget at the City of London Police, an accountancy firm has claimed. Over the last five years just 104 investigations have been opened, according to the City of London Police annual report. And yet the number of cases is on the rise, from 15 investigated in 2014 to 23 in 2015, the last year for which there is available data.
At the same time, the district’s police budget has been cut by 15 per cent to £121.6m.