U.N. Special Rapporteur on the right to housing, Elisabeth Glaser, has warned the U.K. government that the country needs to “step up” its anti-money laundering enforcement measures.
In a statement released on Monday, Glaser said the U of K should “reassure its citizens that the UK has adopted a rigorous approach to combating money laundering and terrorist financing” and should ensure that the banking sector is “fair, transparent and accountable”.
Glaser also urged the UofK to “make sure that there is a level playing field between foreign and domestic institutions that operate in the UK”, and said the “public and private sector” should “ensure that the UK banking system does not become a haven for money laundering”.
Glasers report, released on Friday, also said that while the UUK “remains committed to the principle of anti-corruption, it also takes this issue very seriously” and said that “the UK needs to be the ‘first choice’ for those seeking to evade justice”.
Glasers report noted that “many U.KY banks have failed to identify, investigate and prosecute money laundering, tax evasion and terrorist finance, while others have done nothing”.
“We are concerned that U.UK banks have been reluctant to share information with law enforcement agencies, which has led to some of the largest cases being dealt with by local police,” she said.
Glaser has previously called on the U UK to “strengthen” its financial industry, citing the lack of transparency and accountability of UUK banks, as well as the failure to “investigate and prosecute cases of money laundering” in the country.
In February, the U K government announced that it had begun to investigate suspected money laundering cases at the U, K, L and U of A. Glaser’s report, however, said that so far, there had been no prosecutions.
Glaser also said the government should provide “a range of resources” to UKY banks to fight money laundering.
In April, the European Union (EU) Council called for an “immediate response” from the UK Government over the lacklustre anti-laundering efforts in the Uuk, including a review of the way the UK’s banks are policed.
Glasers investigation also highlighted the “unmet needs” for anti-terror financing in the United Kingdom, which is one of the EU member states with the highest number of attacks in Europe every year.
The U. K. has been the victim of a series of terror attacks in recent years, with the Manchester Arena bombing and Westminster Bridge attack both being carried out by British nationals.
In June, a man was arrested on suspicion of carrying out a plot to attack the British Parliament, the BBC reported.