2024 Case Studies Pack
- May 2024
Westminster has long been reported as a focus point for money laundering in the UK, with the rise of American Candy stores on Oxford Street presenting a peak in the discourse around this. While a lot of the policy and enforcement levers to tackle these matters are not directly in the control of the Council or the vast majority of our businesses, it was imperative for us to do all we could.
Bringing together academics, NGOs, the public sector and business we co-produced a set of commitments that we could deliver working together – along with a Fair Tax commitment from the Council to lead the way. This culminated with the signing of the Westminster Against Dirty Money Charter with the New West End Company, the Fair Tax Foundation and Heart of London Business Alliance – the first agreement of its kind setting out three pillars:
This marked us as a willing partner – working with business – to do everything we can to tackle dirty money in the city and encourage partners to come forward, recognising the Council wants change but cannot solve these problems on its own.
L-R Mary Patel – Movement Building and Outreach Manager the Fair Tax Foundation, Cllr Adam Hug – Leader of Westminster City Council, Sara Hall, Head of Movement at Tax Justice UK at a Dirty Money Round Table event
Satchi Mahendran
Head of Policy Development
Westminster City Council