More than half the funds laundered in a major Russian scheme went via the UK
(The Guardian Russia)

The Global Laundromat, a money-laundering scheme that ran from 2010-2014, funnelled more dirty money through the UK than any other countryMore than $20bn (£16bn) was shifted out of Russia between 2010 and 2014 in a large-scale money laundering operation called the Global Laundromat. The scheme was run by criminals with links to the Russian government, and moved billions in dirty money into Europe through shell companies.The majority of the companies involved in laundering the money were registered in the UK. Over 50% of the money transacted through the Laundromat flowed to shell companies registered in London, Birmingham and Scotland. Related: How `dirty money` from Russia flooded into the UK - and where it went Continue reading...