'This government has tried to put in much tougher legislation over this area.'

Conservative Peer, Jacqueline Foster, and Cofounder of Novara Media, Aaron Bastani, react as nearly 40 per cent of dirty money is going through the City of London and other crown dependencies.

This comes as the UK’s deputy foreign secretary said the Foreign Office will make new demands on the crown dependencies and foreign territories to conform with UK rules that establish public records of beneficial share ownership.

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