British government plans crackdown on money-laundering

Britain could force those with unexplained wealth to declare the source of their funds under new plans to crack down on money-laundering announced by the government on Thursday. "Britain's world-leading financial system is at risk of being undermined by money-laundering, illicit finance and the funding of terrorism," Home Secretary Theresa May said in a statement. "We will not tolerate this type of activity in our financial institutions ... we will act vigorously against the criminals and terror