Money-laundering is a serious problem in Britain—and easy to get away with

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Thursday | October 11th 2018 Money-laundering
Dirty capital

Britain’s National Crime Agency reckons the country’s banks and their subsidiaries (including those in overseas territories) launder “many hundreds of billions of pounds” each year. Much of it is ploughed into property: over 40,000 properties in London are held by overseas firms. But few cases are ever brought to trial. Though Britain champions financial transparency, it lacks the enforcement tools needed to clean London’s dirty laundry