In the last year, according to the Financial Times, overseas governments have made 163 requests for assistance with money laundering investigations from the UK authorities, which is a 12% increase. The FCA are committed to renewed commitment to “prosecuting particularly serious or repeated failings”. Thomson Reuters stated, “despite the controls at UK banks, the sheer volume of financial transactions that take place every day in London, and the high concentration of financial institutions, makes money laundering through the banking system increasingly easy to disguise”.