As tensions with Russia escalate, Helen Drew investigates the issue of Russian money in 'Londongrad'. helen_drew | politicslondon |
MPs are to probe the scale of money laundering in the UK, including property bought with suspected Russian "dirty money".
Treasury committee chair Nicky Morgan said: "It has been claimed that the UK, particularly the London property market, is becoming a destination of choice to launder the proceeds of overseas crime and corruption - so-called 'dirty money'. in March alleged that London "has routinely been the choice destination for Russians with suspicious wealth to move and they have had little trouble doing so, taking advantage of lax regulation and offshore secrecy".
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