Insolvency as a Blind Spot in the UK Anti-Money Laundering Regime

Oriana Casasola and Ilaria Zavoli of the University of Leeds take the position that that the UK’s anti-money laundering regime remains poorly equipped to address financial crime risks in insolvency proceedings, with fragmented supervision, weak information sharing, inconsistent enforcement, and structural pressures on insolvency practitioners allowing liquidation processes to be exploited as a mechanism for laundering illicit funds while reducing AML compliance to a largely procedural exercise.

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