Following up last year’s “Russian Laundromat” story has led to a BBC investigation that links the Eurovision Song Contest, Ukrainian cash and what it describes as “The Great British Money laundering Service”.  A File on 4 radio programme was broadcast on 4th February.  In the programme, Tim Whewell investigates the scams designed to circumvent new regulations and untangles the global networks behind the Great British Money Laundering Service.  It says that new transparency rules designed to reveal the true owners of British companies are being flouted, and billions of pounds of dirty money is alleged to have passed through opaque UK companies in recent years. How, it asks, does this square with UK’s international reputation for financial probity?

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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