Britain launches task force to tackle dirty money

FILE PHOTO: Britain’s Finance Minister Philip Hammond delivers a speech on Brexit at HSBC’s headquarters in Canary Wharf in London, Britain, March 7, 2018. REUTERS/Stefan Rousseau/Pool

LONDON (Reuters) – Britain will work with the financial industry to crack down on fraud, corruption and dirty money by launching a task force that will include senior banking figures, the finance ministry said on Monday.

The chief executives of Santander, Lloyds and Barclays banks will be among members of the Economic Crime Strategic Board, which will consider where further resources are needed to tackle offences such as bribery and money laundering.

“We need to take action on all fronts to target the corrupt fraudsters who are lining their pockets with dirty money and living luxury lifestyles at the expense of law-abiding citizens,” said interior minister Sajid Javid, who will jointly chair the task force with finance minister Philip Hammond.

An estimated 14.4 billion poun

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