‘Dirty’ Russian money is still flooding into Britain due to government complacency, report warns
‘Dirty’ Russian money still flowing into Britain amid government complacency, report warns
- Russian ‘dirty money’ still flowing into UK, scathing report warns today
- The money would be used to finance President Putin’s invasion of Ukraine
- This follows Britain to impose sanctions on Putin aide Vladimir Potanin
Russian ‘dirty money’ is still flowing into the UK before it was used to fund Vladimir Putin’s invasion of Ukraine due to government ’embarrassing’ complacency, a damning report warns today.
The Commons Foreign Affairs Committee said the ministers had failed to take action against the money and assets ‘laundered’ through the City of London.
Current measures “do not go far or fast enough,” the report says, while the commission said it was “shameful” that the Ukraine war was necessary to enact the economic crime law.
Russian ‘dirty money’ is still flowing into the UK before it was used to fund Vladimir Putin’s invasion of Ukraine, a report warns today. It attributes this to “embarrassing” complacency on the part of the government. In the photo: British Prime Minister Boris Johnson
The report comes after Britain imposed sanctions on one of Putin’s associates – Vladimir Potanin – who is also Russia’s second richest man. In the photo: Russian President Vladimir Putin
Structurally, the resources of responsible agencies such as the National Crime Agency and Serious Fraud Office still face a “fundamental mismatch” with the wealthy individuals they target. The report said, “Without the resources and resources, enforcement agencies are toothless.”
Commission President Tom Tugendhat said: ‘For far too long successive governments have allowed evil actors and kleptocrats to wash their dirty money in London’s ‘laundry’.
Complacency has left the door open for corrupt wealth taking root and morally bankrupt billionaires using the UK as a vault.
The criticism came when Britain imposed sanctions on Russia’s second richest man – Putin aide Vladimir Potanin, 61, known as the Nickel King – who froze his assets and banned him from the UK.