Money laundering related to encryption... my a***!!
"Remained a prime destination for money laundering"
Read any issue of Private Eye... this specific issue is NOTHING to do with whether encryption is used or not; it is a baked-in, by design, feature of the easy to obtain shell companies that UK law allows to exist and that HMRC specifically ignore, choosing instead the low hanging fruit of the S&ME sector.
Biting the hand that feeds IT
