Anti-Financial Crime & Financial Crime Compliance
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INSIGHT: Up to half of Russian dirty money could flow through UK; expert claims criminals find it ‘too easy’ to set up shell companies in Britain

There is a ‘disturbing’ prevalence of Russian money laundering in London – enough to suggest that up to half of all dirty money flowing from Russia is channelled through the UK, according to one expert.

National Economic Crime Centre director-general Graeme Biggar told MPs this week that the system of corporate governance in the UK was being exploited by Russian financial criminals who will inevitably find it “too easy to set up companies here.”

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