The UK government’s anti-corruption tsar has called the City of London “a magnet for dirty cash” and warned that online fraud is growing.
Writing today for openDemocracy, Conservative MP John Penrose appeared to rebuff the business secretary, Kwasi Kwarteng, who recently suggested that fraud is not something that “people experience in their daily lives”.
As scammers took advantage of changes to the way people shopped and transferred their money during the pandemic, fraud increased by 32% in England and Wales, according to the official crime survey in the year ending June 2021.
