How the UK’s property market is serving as a money-laundering vehicle for the world’s criminal and corrupt. The son of former Kyrgyz President Kurmanbek Bakiyev lives in a £3.5 million mansion in the Borough of Reigate and Banstead in Surrey, despite being convicted in his homeland of the attempted murder of a UK citizen and […]

Independent newspaper Exclusive: Criminals and corrupt officials from around the globe take advantage of Britain’s lax corporate rules – An investigation by The Independent and the Organised Crime and Corruption Reporting Project, an NGO, has identified dozens of firms in a global web spreading from Birmingham to Belize. The scam appears to have gone on […]

The Independent is passing details of the transactions to the banks. Mr Sarco said: “We hope our colleagues [at Britain’s National Crime Agency] will uncover what activity took place in the UK, but our main difficulty is that the relevant authorities in the Russian Federation are being less co-operative.” He said he had contacted the […]

Call it the Laundromat. It’s a complex system for laundering more than $20 billion in Russian money stolen from the government by corrupt politicians or earned through organized crime activity. It was designed to not only move money from Russian shell companies into EU banks through Latvia, it had the added feature of getting corrupt […]