Why is London so attractive to tainted foreign money?
The war in Ukraine has prompted some action, but the problems run deep
FOR YEARS London has been awash in Russian money, much of it begrimed. Rich Russians flocked to the capital for a variety of reasons. Some were looking for a stable home for legitimate wealth. Some sought tax benefits. Others were seeking to launder dirty money, or to recycle wealth earned in circumstances which, though not brazenly criminal, looked corrupt to Western eyes.
This article appeared in the Britain section of the print edition under the headline “Dirty capital”
Britain May 7th 2022
- Why is London so attractive to tainted foreign money?
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From the May 7th 2022 edition
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