Subscribe to our newsletter

Length of UK prison terms for money launderers at record high in 2018: Report

Convicted money launderers in the UK are facing longer prison terms following revisions to the jurisdiction’s sentencing guidelines in 2014, the Financial Times reported Sunday.

Length of UK prison terms for money launderers at record high in 2018: Report
smsfadviser logo
  • Shared by KYC360
  • September 03, 2019
share this article

The average prison sentence for money-laundering offences rose to 27 months in 2018, marking a 32-percent increase from the average in December 2008 and a record high for convicted UK money launderers, the newspaper reported, citing research by Thomson Reuters. 

Read more at KYC360

Receive the latest Financial Accountant news,
opinion and features direct to your inbox.

related articles