British Lawmakers Want Probe of U.K. Money-Laundering Reputation

A British parliamentary committee that scrutinizes financial affairs has asked the government and securities regulator to look into reports that the U.S. considers the country a “higher risk” jurisdiction for money laundering and economic crime.

In one of the first responses by U.K. politicians to leaked U.S. regulatory documents, Mel Stride, a member of the ruling Conservative Party and chair of the Treasury Committee, also requested that agencies review efforts to secure the financial system.

The letters dated Sept. 22 went out to Chris Woolard, interim head of the Financial Conduct Authority and Jim Harra, head of ...