The Laundromat corruption story rumbles on.

The Police and Financial Conduct Authority will examine allegations that Britain’s high street banks processed nearly $740 million dollars of a criminal Russian money laundering operation.

But what steps can the government take to limit the amount of so called dirty money, processed by UK banks?

James Brydges spoke to Michael McKee, partner at law firm DLA Piper, and a member of the International Regulatory Strategy Group of CityUK.