Money laundering: Does it affect high streets in the West Country?

Local TV

Could money laundering be on Bristol streets?

Transcript

00:00Across the West Country, as in the rest of the UK, money laundering remains an ongoing concern for law enforcement.

00:08Criminal networks continue to make use of small cash-based operations and complex company structures to move illegal profits through the economy.

00:17National risk assessments and updated regulations are designed to address these vulnerabilities,

00:22and they guide regional enforcement activity in places ranging from large urban centres to rural towns.

00:31For local communities, the balance is clear.

00:34Most businesses trading on high streets in the West Country are law-abiding and contribute positively to the local economy,

00:41yet police and partner agencies remain alert to the small number that might be misused by criminals.

00:47Regional teams now work closely with councils, neighbourhood policing units and financial specialists

00:53in order to help identify concerns early and reduce the risk of exploitation.

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