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The global financial crime wave is no accident

Financial crime is a feature of our global financial system not a bug, pioneering economist Susan Strange recognised. Her message is more urgent than ever. Español

By Nat Dyer
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Image: British Virgin Islands. Credit: MaxPixel

There was a little bit of good news this month for those worried about a tidal wave of McMafia-style financial crime. A new UK government agency tasked with fighting it – the National Economic Crime Centre (NECC) – opened its doors.

I say “little” because financial crime is far more deeply rooted in our financial and political systems than we like to acknowledge.

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Creative Commons Attribution-NonCommercial 4.0