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APPG Report: Tackling Illicit Finance & Driving Growth

11 July 2025

APPG Report: Tackling Illicit Finance & Driving Growth

The All-Party Parliamentary Group (APPG) on Anti-Corruption & Responsible Tax published a report on tackling illicit financing and growth creation.

 

 

The report “Clean Foundations for Growth”, produced with the APPG on Fair Banking and the UK Anti-Corruption Coalition, argues that fighting economic crime is not only a matter of justice or security, but a growth strategy.

➡️ The report estimates the cost of dirty money to the UK economy at £350 billion annually, contributing to loss of public trust, distortion of housing and markets, and threats to national security;

➡️ It outlines how tackling fraud, money laundering, and tax evasion could unlock public revenues, attract investment, and create a fairer, more competitive business environment;

➡️ Key recommendations include closing company ownership transparency loopholes, enhancing AML enforcement, improving regulatory effectiveness, and targeting enablers of financial crime; and

➡️ The report also calls for systemic reform to restore integrity to the UK’s financial system while delivering tangible economic gains.

✅ Firms can review their anti-bribery and corruption control frameworks to ensure alignment with industry best practices and recommendations.