Great Britain is a centre of “money laundering”
As it appears from the report recently published by the Bank of England,
half of British banknotes are used for money laundering by criminal
structures, or circulate abroad. The British shadow economy covers,
primarily, criminal activity which in addition to drug trafficking and
prostitution, includes considerable monetary payments for such goods and
services as, for example, construction works, which allows avoiding
taxes. According to the British publication’s estimates, the shadow
economy makes up about 10% of the GDP of Great Britain.
The
fact that London is the world capital of money laundering has already
been mentioned in the British mass media. In particular, The Independent told
its readers that billions of Pounds Sterling are laundered by criminals
and foreign officials who buy expensive London real estate through
offshore shell companies. Out of 36,342 private properties in London
only recently bought through the shell companies from offshore zones, a
huge number of the real estate was bought anonymously in order to hide
stolen money.
fact that London is the world capital of money laundering has already
been mentioned in the British mass media. In particular, The Independent told
its readers that billions of Pounds Sterling are laundered by criminals
and foreign officials who buy expensive London real estate through
offshore shell companies. Out of 36,342 private properties in London
only recently bought through the shell companies from offshore zones, a
huge number of the real estate was bought anonymously in order to hide
stolen money.
According
to London Police data, 75% of transactions on property are carried out
through illicit companies by those persons, against whom criminal cases
on charges of corruption were initiated. According to the information of
the British Office of the Anti-Corruption Organization Transparency
International, the flow of the “dirty money” led to an increase in
average real estate prices in London and in its outskirts, thus an
entire “world of expensive apartments and houses” that are inaccessible
to ordinary people appeared.
to London Police data, 75% of transactions on property are carried out
through illicit companies by those persons, against whom criminal cases
on charges of corruption were initiated. According to the information of
the British Office of the Anti-Corruption Organization Transparency
International, the flow of the “dirty money” led to an increase in
average real estate prices in London and in its outskirts, thus an
entire “world of expensive apartments and houses” that are inaccessible
to ordinary people appeared.
Foreign
criminals laundering billions of Pounds Sterling through the purchase
of elite real estate in London and seeking to hide capital in the United
Kingdom, actively participate in criminal business in Great Britain.
Hence, during only the three summer months, according to The Times,
the UK tax office received 150 million Pounds Sterling (233 million
Dollars) from the purchase of such real estate by companies, trusts and
investment funds.
criminals laundering billions of Pounds Sterling through the purchase
of elite real estate in London and seeking to hide capital in the United
Kingdom, actively participate in criminal business in Great Britain.
Hence, during only the three summer months, according to The Times,
the UK tax office received 150 million Pounds Sterling (233 million
Dollars) from the purchase of such real estate by companies, trusts and
investment funds.
According to information from Transparency International, each tenth household in London belongs to foreign offshore companies, many of which are used for money laundering.
First appeared: http://journal-neo.org/2015/09/22/great-britain-is-a-centre-of-money-laundering/
First appeared: http://journal-neo.org/2015/09/22/great-britain-is-a-centre-of-money-laundering/
