Financial Times FT.com

Cash scam data ‘overstated’

By Jonathan Moules

Published: December 14 2007 18:11 | Last updated: December 14 2007 18:11

The government has been accused of “talking up” the money-laundering figures to justify new regulations, which come into force today.

Under the extension of the existing rules, a range of businesses, including retailers, jewellers, estate agents and car dealers will now be responsible for identifying and reporting customers who may be involved in money laundering.

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