Nearly 40% of dirty money is laundered in London and UK crown dependencies
https://www.theguardian.com/world/article/2024/may/14/nearly-40-of-dirty-money-is-laundered-in-london-and-uk-crown-dependenies
Posted by heresyourhardware
Nearly 40% of dirty money is laundered in London and UK crown dependencies
https://www.theguardian.com/world/article/2024/may/14/nearly-40-of-dirty-money-is-laundered-in-london-and-uk-crown-dependenies
Posted by heresyourhardware
15 Comments
So you’re saying we’re the best in the world at something?
I thought laundering– sorry, *financial services*, was proudly one of our top exports?
This has been known for years. The Spiders Web: Britains Second Empire, is a great documentary about it.
Are we surprised?
It’s all that’s propping this fucking country up.
Isn’t this one of the reasons for Brexit? We didn’t want the coming anti money laundering laws the EU had planned? I remember reading that somewhere.
The EU starts pushing for a crack down on dirty money. The UK rich and powerful suddenly starts pushing for, and is ultimately successful with Brexit.
I see no connection here.
England set up the whole of the fraudulent banking system. Hiding money in its overseas territories etc. The city of London operates under different laws than the rest of the UK and has its own mayor Police force etc. People say that our Royal family have no real power, but the late queen did exercise hers a few times. She told parliament that the Royal Family would not be transparent with their money investments and where they come from etc. Parliament agreed.
I’m not a conspiracy theorist at all, but how the banking system has been set up has one purpose only. To feed the rich.
There are many resources you can read online about how the system has been set up.
For an interesting fact, my cousin is the chief cashier of the bank of England.
That’s because the government are based in London! So not a surprised most money gets laundered there.
And here was me thinking it was all done on traceable blockchains that will stay public for decades. Silly me.
We need to figure out how to capture the other 60% of the market.
Who would have thought the people who pillaged all across the globe and kept resources that did not belong to them would be facilitating the same thing decades later. The only difference now is its citizens are not really benefiting from all the prosperity.
Just one more reason to be proud of our enlightened political Leadership.
This is one of the reasons the government were so reluctant to crack down on Russia’s wrongdoings
Probably billions from Russia are still being laundered through the capital. Tories have had their fair share of it.
The government happily turn a blind eye to this, but get a penny more benefit than your entitled to and they hunt you down like the world’s most wanted.
Pleasantly surprised its not higher. The banks will close the account of some Joe sending £200 a month to his gran in Pakistan & and claim they are fighting money laundering but turn their eyes to the real launderers.