Posts

Showing posts from February, 2022

Dirty money in the UK

Image
 Predictably, there is much press anguish (February 2022) at the possible fate of the Ukraine. Russian "aggression" has been highlighted and various sanctions have been proposed. But, as Edward Lucas, points out there is hypocrisy here in the UK and it has been around a long time. (See his article of 2020 below ) For further reading see Oliver Bullough - Butler to the World: How Britain became the servant of tycoons, tax dodgers, kleptocrats and criminals. "Behind the bombast is another uglier story, in which Britain stands out not for its mettle in resisting the Russian regime but for aiding and abetting it. Kremlin cronies have for years used London to launder their reputations and ill-gotten gains. An army of bankers, lawyers, accountants and fixers make their own smaller fortunes through this trade... The money flows through impenetrable webs of offshore and onshore companies, trusts, and partnerships, which confer bullet-proof anonymity and unaccountability. Nosy jo