The amount of money held by Russians in the UK is dwarfed by the amount held in the British Overseas Territories, which include some of the world’s most significant tax havens.
The Global Witness report, Missing the Bigger Picture, is released as politicians have called for a crackdown on criminal and corrupt cash from Russia following the poisoning of Sergei Skripal and ahead of a crucial vote in parliament to increase transparency in the UK’s tax havens on Tuesday 1 May.
The analysis of figures from the IMF and Russian Central Banks shows nearly five times as much Russian money is invested in the British Overseas Territories (OTs) as is held in the UK....Enabling bad behavior.
The London Economic
British Overseas Territories playing huge role in laundering dirty money from Russia
British Overseas Territories playing huge role in laundering dirty money from Russia
Jack Peat
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