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?
- Life for Britons in care homes is still full of restrictions
- Britain is tackling river pollution by going after the wrong culprits
- The British police unit helping remove drill-music videos from the web
- Britain has become unexpectedly European
- British politics is stuck in a 1990s time-warp
From the May 7th 2022 edition
Discover stories from this section and more in the list of contents
Explore the editionMore from Britain
Has the Royal Navy become too timid?
A new paper examines how its culture has changed
A plan to reorganise local government in England runs into opposition
Turkeys vote against Christmas
David Lammy’s plan to shake up Britain’s Foreign Office
Diplomats will be tasked with growing the economy and cutting migration
Britain’s government has spooked markets and riled businesses
Tax rises were inevitable. Such a shaky start was not
Labour’s credibility trap
Who can believe Rachel Reeves?