SECRET - UK EYES A
Money Laundering
26. Financial gain is the principal motive of those engaged in drug trafficking. Attacking profits and assets derived from the drugs trade and the proceeds of money laundering is one of the most effective means of combating trafficking. The corruption associated with money laundering is a significant threat to the integrity of financial systems. Given the speed and ease with which funds can be transferred around the world, UK interests can be threatened by money laundering wherever it occurs but we have a need for intelligence on such activities in the Dependent Territories and Crown Dependencies, where we have some measure of responsibility, particularly the Cayman Islands, Anguilla, Montserrat, Turks and Caicos Islands, British Virgin Islands, Bermuda, Gibraltar, Hong Kong, the Channel Islands and the Isle of
Man.
27. In other areas the requirement, on an opportunity basis, is to detect money laundering where tainted money first enters the international financial system and where secrecy laws or lax financial regulation tend to result in the accumulation of large quantities of
of large quantities of laundered funds. The principal requirements for intelligence in rough order of importance is in respect of Switzerland, Liechtenstein, Austria, Luxembourg, the Netherlands, Singapore, Thailand, Panama, Colombia, the UAE, Dubai, Monaco and Andorra.
28. Other targets of opportunity are:
a.
Western Europe
Belgium, France, Germany, Italy, Portugal and Spain.
b.
North America
Canada and the US
C. Far East
Malaysia and Japan
d.
South Asia
India, Pakistan and Sri Lanka
11
SECRET - UK EYES A