Top official warns of ‘disturbing’ amount of Russian money laundering in UK
Stefan Boscia, 25 January 2021
One of the UK’s top officials in monitoring economic crime has today warned about the “disturbing” prevalence of Russian money laundering in London, claiming up to half of all money laundered from the country is done through the UK.
Graeme Biggar, director general of the National Economic Crime Centre, told MPs today that it was “too easy to set up companies here” and that Russian “laundromats” were exploiting the UK’s corporate structure to launder billions of pounds. Continue reading “Article: Top official warns of ‘disturbing’ amount of Russian money laundering in UK”
