Money-laundering crackdown on public schools and law firms

Exclusive: security minister Ben Wallace pledges to focus on where illegal cash is spent

Estate agents, high street solicitors and accountants who facilitate about £100bn of money-laundering in the UK but are failing to report suspicious activity face a crackdown under a government drive against economic crime.

Security minister Ben Wallace has warned public schools, football clubs and luxury car garages they must report irregularities, pledging to “go after the status” of the worst culprits by focusing on where they spend their illegal cash.

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