British banks and firms laundered $ 400 billion in 30 years, Transparency

British banks and firms laundered $ 400 billion in 30 years, Transparency

The British branch of the organization conducted a large-scale analysis.

The British branch of Transparency International released the results of a large-scale analysis, incorporating more than 400 cases of corruption and money laundering over the past 30 years.

Crimes involving British companies, including banks, law firms and accounting offices, were recorded in 116 countries around the world.

According to the authors of the investigation, more than £ 300 billion ($ 412 billion) went through them. Transparency International presented the results of the study in the report called At your service

The material examined such high-profile cases as the “Russian Laundromat” and the “Moldovan scheme”, the scandal with the Danske Bank, the scandal with the Malaysian sovereign fund 1MDB, the case of the wife of the former head of the International Bank of Azerbaijan Zamira Hajiyeva and others.

As a rule, as the authors of the article note, the money first passed through shell companies, and then through British banks and law firms. Then, it was used to buy real estate or premium services.

According to the report, about 170 million was spent on the purchase of seven private jets, 7 million on the purchase of three yachts, 5 billion on the purchase of 421 residential properties. In this regard, the authors of the investigation call for a change in the British system for monitoring compliance with the law in the field of combating money laundering, which does not cope with the task entrusted to it.

Tags: Banks


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