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Interesting FT London Laundromat video

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https://www.ft.com/video/d3bafb94-9dbd-4c1e-8016-8cd8331960f1

How London became the dirty money capital of the world

Russian oligarchs and companies have been investing in London for two decades, encouraged by British politicians of all stripes, but critics say the 'London laundromat' cleans dirty money from Russia and across the globe. The FT examines why it took Russia's invasion of Ukraine to put the issue in the spotlight and whether new sanctions and measures to tackle the problem go far enough

A lot better than that ICAEW AML video doing the rounds.

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By Hugo Fair
22nd Apr 2022 18:46

Thanks for the link.
Not a lot new to an avid reader of P Eye ... but it's still an impressive round-up, and nice to see the message finally being promulgated by the Establishment (even if Margaret Hodge would cringe at being so labelled)!

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Melchett
By thestudyman
27th Apr 2022 09:31

Great video. The BBC have also done a lot of good videos and programmes around the topic. Completely sad how the UK is desperate for any source of investment and willing to look the other way and not probe the legitimacy of the funds.

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Replying to thestudyman:
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By Hugo Fair
27th Apr 2022 12:49

It's almost as though those 'bending the rules' when they applied for dubious BBBLs or whatever had been observing, and learning from, our 'leaders' in business and government!

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