LONDON: The British National Crime Agency (NCA) has made startlingrevelations about the money laundering from Pakistan to Britain.
NCA said on Tuesday that the United Kingdom remains a “prime destination”for money laundering from Pakistan.
In its fifth analysis of serious and organised crime threats in the UK, theNCA said that it had prepared report drawing intelligence from UK lawenforcement, government departments, the intelligence community and theprivate and voluntary sectors.
The NCA report said: “money laundering potentially running to hundreds ofbillions of pounds impacts the UK annually, with a significant threat beingposed by the criminal exploitation of accounting and legal professionalsinvolved with trust and company provision.”
“The UK is a prime destination for corrupt foreign Politically ExposedPersons to launder the proceeds of corruption, particularly those fromRussia, Nigeria and Pakistan,” it added.
“UK cyber crime continues to rise in scale and complexity butunder-reporting of data breaches continues to erode our ability to makerobust assessments of the scale and cost of network intrusions,” the UKauthorities admitted.
It’s understood that hundreds of Pakistanis have invested money in the UK,unknown to authorities in Pakistan. Leaders from almost every majorpolitical party has invested monies across the UK, mainly from PPP, PMLNand PTI.
The NCA said that there is evidence that the scale and complexity oforganised crime continues to grow despite notable operational successes inthe UK.