Money laundering

$2trn of dirty money being laundered
Research by Transparency International (TI) has found that $2trn (£1.3trn) of dirty money is still being laundered through the global financial system as a result of criminals being able to conceal their ownership of corporate entities. TI said only the UK had a very strong framework in place to tackle money laundering. But the Independent’s James Moore points out that a recent communiqué from TI’s UK arm also reveals that 35,000 properties in the London are owned by anonymous offshore companies.
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