London Called ‘Money Laundering Capital,’ While FinTech Startups Burdened by Regulation

By July 7, 2015Bitcoin Business

An international crime expert has labeled London the center of international money laundering, saying the city’s major banks disregard the anti-money laundering regulation that at the same time burdens FinTech startups.

Roberto Saviano — the author of the popular crime investigation books “Gomorrah” and “Zero Zero Zero,” dealing with the Italian mafia and the cocaine trade, respectively — made the comment in an interview on July 4.

In June, the UK’s National Crime Agency published a […]

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