Ben Chapman - Government criticised for giving banks key oversight role over fraud and money laundering policy

'Corporate capture': HSBC, RBS, Barclays, Morgan Stanley and banking lobby group UK Finance have been given places on board which sets priorities for combating economic crime

The foxes guarding the hens.

Government plans to combat money laundering, fraud and other economic crimes have come under fire for allowing banks that have previously been implicated in wrongdoing to play a key role in writing the new rules.

The National Crime Agency estimates that hundreds of billions of pounds of dirty money flow through the City each year despite obligations on banks to prevent such flows.

Ben Chapman - Government criticised for giving banks key oversight role over fraud and money laundering policy