Article 5WKW1 ‘It’s about bloody time’: UK finally moves to block Russia’s ‘dirty money’

‘It’s about bloody time’: UK finally moves to block Russia’s ‘dirty money’

by
Rob Davies
from World news | The Guardian on (#5WKW1)

Analysis: against the backdrop of the invasion of Ukraine, Kwasi Kwarteng announces clean-up measures

Britain has long been a haven for people of negotiable integrity to stash their cash, often via property deals made with the help of an army of lawyers, PR advisers and bankers.

Not only are super-mansions in London and the home counties a safe bet from an investment point of view, but the ability to disguise ownership via a labyrinthine network of shell companies offers a degree of anonymity to those who prefer their financial dealings to remain secret.

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