COFFERS in the news: Russian money in London

Russian “dirty money” in London has been identified as a security threat to the UK. This argument over-simplifies the issue and ignores the nature of London as a financial centre, reliant on the EU and emerging markets for liquidity. As a global financial hub, London has been  welcoming capital, often laundered on the way to London through an elaborate chain of shell companies and offshore schemes.  In the face of Brexit and risking losing its main financial market – the EU – the UK cannot jeopardize its  links to emerging economies,  Russia included. The political measures currently proposed therefore, are likely to be toothless.

Read the full story at The Conversation

The Story was later picked up by the UK newspaper, The Independent

Written By coffers