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UK is the world leader in money laundering, controlling some of the most lucrative tax havens in the world. This is a legacy of the British Empire, the enormous
by hunglee2 4y ago
UK is the world leader in money laundering, controlling some of the most lucrative tax havens in the world. This is a legacy of the British Empire, the enormous wealth extracted from the colonies had to be accounted for in a way that made financial sense to the elites who were running the Empire for the crown. There's a reason why London is the legal, accounting and tax consulting capital of the world - its all about laundering the loot
- prvit 4y agoPlace hosting a huge chunk of the world’s financial activity is also home to a huge chunk of money laundering, tax evasion, whatever. Crazy! How can it be?
- from 4y agoReally the only thing the article is missing is a rent-a-quote “expert” talking about this shows more controls and surveillance are needed. Of course no where in the article do they even address whether the money was legally obtained or not.