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Is the UK faking its fight against illegal wealth accumulated by its citizens and residents?
Unchallenged
September 22, 2020 Sep 22, 20
HSBC among those complicit in aiding the flow of criminal funds
A leak revealed that HSBC was profiting from an international criminal scheme even while on probation for having served murderous drug cartels and other criminals. In 2012 the bank admitted to US prosecutors it helped the flow of dirty money through its branches around the world.
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Unchallenged
September 16, 2020 Sep 16, 20
The UK government is not interested in clamping down on unexplained / corrupt wealth flooding into it from around the world
The government's actions are window dressing exercises that do little to nothing to pursue wealth accumulated through unlawful means. which is then spent on property and/or harboured in bank accounts across the country and it's subject territories (offshores)
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Unchallenged
November 13, 2020 Nov 13, 20
Daughter of Kazakhstan's ex-President is among those, whitewashing illegally seized assets in UK
Countries like the UK enable kleptocrats from all around the world, by sheltering looted capital, and they are at the forefront of providing international services for the super-rich to whitewash the trail of illicit proceeds
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Unchallenged
September 24, 2020 Sep 24, 20
Significant discrepancies between official filings and internal compliance reports point to a larger reporting loophole
ICIJ found huge discrepancies between the amount that limited liability partnerships filed in UK government financial statements and the amount bank compliance officers reported flowing through the same companies’ accounts
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Unchallenged
September 24, 2020 Sep 24, 20
Standard Chartered was among banks implicated in failing to sufficiently monitor and tackle client money laundering activities
Standard Chartered moved money on behalf of Al Zarooni Exchange, a Dubai-based business that was later accused of laundering cash on behalf of the Taliban. During the years that Al Zarooni was a Standard Chartered customer, Taliban militants staged violent attacks on civilians
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Unchallenged
September 24, 2020 Sep 24, 20
US Treasury report describes Britain as a "higher-risk jurisdiction" for the part it plays in global money laundering
Britain was named more than any other country in the world as the domicile of companies mentioned in the leaked SARs (suspicious activity reports) investigated in the FinCEN files.
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Unchallenged
September 24, 2020 Sep 24, 20
In 2012 Standard Chartered acknowledged its role in concealing tens of thousands of transactions with businesses in Iran
New York state prosecutors announced that the bank helped its clients hide at least 59,000 financial transactions, worth a quarter of a trillion dollars, that potentially violated American sanctions against Iran, for which the bank earned “hundreds of millions of dollars in fees”
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Unchallenged
September 24, 2020 Sep 24, 20
In 2013 George Osborne advocated for the bank when it was being investigated by US federal authorities for dealings with Iranian clients
The Department of Justice and Standard Chartered negotiated a deferred prosecution agreement with $227 million in fines that would allow the bank to avoid a criminal prosecution on the federal level, and prevent it from losing its license
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Unchallenged
September 24, 2020 Sep 24, 20
UK company linked to Putin's friend, billionaire Arkady Rotenberg, suspected of laundering funds through Barclays Bank
In 2008, Barclays opened an account for a company called Advantage Alliance. According to US investigators there was strong evidence that the company was owned by Arkady Rotenberg, and that it had used its Barclays account in London to buy millions of dollars of art for him