Extract from committee stage debate (Commons) on the Economic Crime and Corporate Transparency Bill - Nov 1

Stephen Kinnock (Aberavon) (Lab):...The National Crime Agency estimates that £100 billion of dirty money flows through the UK every year and that fraud is causing £190 billion of damage to our economy. According to PwC, 64% of businesses have experienced fraud, corruption, or other economic or financial crime within the past two years, which is up from 50% only four years ago...

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