"On the same day that the Government pulled a bill rather than extend critical transparency measures to the Crown Dependencies, today’s stories of a new Russian laundromat reveals that companies serviced by UK tax havens are integral to the circulation of billions of dollars of apparently fraudulent funds.
How many more scandals and leaks are needed before Theresa May stops the UK territories from servicing the criminal and corrupt? We cannot, and should not, wait for the rest of the world to come on board before we open up our tax havens. Government must call time on the corrupt and push the UK to lead from the front in the fight against dirty money.” - Naomi Hirst, Senior Anti-Corruption Campaigner, Global Witness
We are available for comment on the Troika Laundromat - including the use of anonymous shell companies, money laundering via European banks, and spending on high end real estate and other luxuries.
UK Government pulls bill including company transparency amendment
Global Witness responds to the Government pulling its bill on company transparency.
New analysis: Five times more Russian money in the UK’s tax havens than in the UK
The amount of money held by Russians in the UK is dwarfed by the amount held in the British Overseas Territories according to new analysis released today by Global Witness.
Why do we let the corrupt hide their loot in London?
London is also home to some of the world’s most corrupt officials and their front men and women.