Corrupt money still flows in after ministers leave door open to 'corrupt wealth taking root and morally bankrupt billionaires using the UK as a safe deposit box' MPs warn
Corrupt money still flows in after ministers leave door open to ‘corrupt wealth taking root and morally bankrupt billionaires using the UK as a safe deposit box’ MPs warnJune 29, 2022 9:04 pm
The report says it is “shameful” it took Russia’s second invasion of Ukraine to force the Government’s hand., described as Russia’s second-richest man and who has been buying assets from firms exiting Russia over the invasion of Ukraine. Tom Tugendhat said ‘successive governments have allowed malign actors to wash their dirty money in the London “laundromat”‘ , is critical of the Government’s approach saying: “For far too long successive governments have allowed malign actors and kleptocrats to wash their dirty money in the London ‘laundromat’. Complacency has left the door open to corrupt wealth taking root and morally bankrupt billionaires using the UK as a safe deposit box.
Current laws fail to “go far enough” to combat this and the Government’s rhetoric is not matched by reality,” the report warns.
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