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Recent headlines were that Britain’s high street banks processed nearly $740m from a vast money-laundering operation run by Russian criminals with links to the Russian government and the KGB.

By all means bring in 'gold-plated' Regulations but let's start with the big boys in the Banks first whose adherence to the existing rules would not even merit a description of a cheapo plastic coating rather than anything remotely gold plated.

Here in private practice I get all hot and bothered when a client brings in a few hundred quid in cash while the big financials allow a tsunami of filthy money to wash through their accounts. What's the point?