The UK government will invest £ 500 million in anti money laundering measures over the next three years and hire 500 new law enforcement officers

The UK government will invest £ 500 million in anti money laundering and asset recovery strategies over the next three years, and add 500 personnel to the police force, National Crime Agency (NCA), and Crown Prosecution Service to track down criminal funds. The funds come from the economic crime tax. The National Crime Agency (NCA) estimates that over £ 100 billion of funds are laundered through the UK each year, and the development of fintech, cryptocurrency, and AI has increased related risks. The newly added personnel will support the Destabilise operation targeting Russian language networks, which has arrested 119 individuals suspected of money laundering and seized over £ 25 million in cash and cryptocurrency assets. (Source: Decrypt)