UK GLOBAL MONEY LAUNDERING HUB FAVOURED BY RUSSIANS
February 24th, 2022
The UK is a global money laundering hub with inadequate enforcement and a “deeply flawed” compliance system, allowing British businesses to act as a ‘laundromat’ for suspicious wealth from Russia and other former Soviet Republics, according to the latest report from Transparency International UK (TI-UK). ‘At your service - Investigating how UK businesses and institutions help corrupt individuals and regimes launder their money and reputations’, (1) looked at roughly 400 high-end corruption cases worldwide, 64 of them Russian and 51 Ukrainian. British ...
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