Why is the UK a haven for money laundering?
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- Опубліковано 3 сер 2024
- London is one of the biggest financial centers in the world, and it is becoming an increasingly attractive place for criminals to hide their wealth.
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Every month, businesses acting as “formation agents” register thousands of new companies in the U.K. Some of these companies are used to commit serious financial crimes, such as money laundering and fraud.
We spoke with Clarke about financial crime and how formation agents can enable illegal activity.
The interview is part of an investigation by OCCRP, the Times, Finance Uncovered and more than 20 other media partners, into Formations House, a London-based formation agent that has registered companies for alleged and convicted criminals around the world.
Read the full investigation here: www.occrp.org/en/29leaks
Subscribe to OCCRP on UA-cam: / @occrpofficial
#uk #london #investigativejournalism #corruptionexposed
Yes but if a person like a normal citizen misses three mortgage payments they get their homes foreclosed on
Maybe that normal citizen should start doing fraud then.
Lmao. Banks are fully complicit and know what they are doing.
Exactly! These people are hypocrits. The biggest gangsters, criminals and money launderers are the politicians in UK government...
And i love it. My money can be saved
@@vijaz5559saved by the thiefs?
I searched on UA-cam "Oxford Street Candy Shops" and this video is the second result on the list. Even the algorithm knows they are a money laundering scam. 😁
Sammmmeeeeeee
In the USofA it's mattress shops.
Royal family itself benefits from this situation! Why they should cut off the hand which feeds them?!
What are you talking about? Royal Family effectively donates 90% of the profits from its estate to the UK Treasury each year.
@@AdmiralBonetoPick 10%???
You are super correct!
Charles recently came home with 3 million Euros in cash (in bags) from a Qatari individual. He’s also been investigated by the Met Police for a “cash for honours” crime. Luckily for him he is above the law.
The main reason for Brexit and eu regulation.
London's banking system is so reliant on crown depedancy entities, from the isle of man, Jersey to the likes of tiny islands in far flung colonies with bigger banking operations than some developed economies....
And it's not just dirty Russian money, but Brits and others who just want to avoid paying tax, this is the bottom line.
Is it any wonder that the conservative regime is up to it's neck in It. Making new laws that are not supported,
Crime agencies told not to investigate and non existent budget for investigation into tne banking system, r prosecutions up to now, go figure
Boris Johnski ua-cam.com/video/tRHQIqBTBBY/v-deo.html
Yes, and earmarked this week as the next pending government scandal, apparently.
This is not just the UK. Here to (i.e. Scandinavia) this is going on. That's because in the current version of socalled capitalism, we are all prostitutes, nations and people alike, meaning you have to make yourself attractive. In the case of nations you do this by attracting foreign capital. governments however want to appear to be responsible in the eyes of citizens (i.e. the ones actually paying taxes because they have salary, so they don't have choice). The day nobody recieves a salary because everybody will be a subcontactor to their former employer (it's a lot cheaper for the companies), we will all be "independent" companies, and then nobody will pay any taxes. Great isn't it?
That’s capitalism
the UK is by far the worst in the world for financial corruption.
Yep, and the pimps in the Palace are laughing their arses off.
Yet our small charity has just spent 7 months trying to change 2 signatories on our account due we are told to regulations to prevent money laundering. In part it was due to our inability to access an online account due to the regulations that prevent our charity having less than two signatories! We went into the bank many times with proof of identity but appearing in person is not accepted it has to be done online or over the phone. When we finally managed to contact them they asked for the proof to be posted to them, we had already taken it into the bank we couldn’t believe it. Of course they want to close the bank branches and are determined to make banking there as difficult as possible.
The only thing I can launder is dirty clothes.
Civilized democratic world. Where the hell is that. Not on this planet.
London is heaven for money loundry, the olligarches set up a offshore company at the former colonies this companies transfer from these British colonies to one of the London partner banks and they all closed the eyes because the banks are greasy, and on top UK gives them a UK citizen ship as investor on top.
Bankers own the politicians (on _both_ sides ), politicians keep open the loopholes when they're told to by their owners. There's a reason why the City of London Corp. has different laws than the rest of London, or the country.
Pretty sure that even Stevie Wonder can see what's been going on for decades here.
The real reason for Brexit!
It will exist with or without Brexit
The Corruption is from within.
Offshores should be closed in whole world.
Cause poor becomes poorer, rich more rich!
Zelensky owns a Villa in Forte dei Marmi, a $45M beach in Florida and $1.3B offshore
Christian Wulff, ex German President and key Merkel-ally, dodgy loans case, Egon Geerkens
what about the Russian oligarchs
@@LondonPower first of all for them offshores should be closed. Cause Russians become only poorer with it. They don’t invest in Russia
Ruski blood money
@@krisbowditch827 when UK, Switzerland close offshores, no russki blood money anymore
Doesn’t the queen use an offshore banking shell company
Comment section is full of money launderers mad because they got their accounts frozen 😂😂😂
Wear those glasses some more down your sight.
The glasses add and additional $100,000 to his salary.
we're not in a position to turn down anybody's money.
Proctors of criminals
Money Laundering. Good thing taxes are applied. Counterfeit, fraud, fake, as well as Inflation proof measures are reflected and applied protected from money laundering, as well as Banks that are into those laundering. Non Bailable. Cannot bribe private and public sectors and industries. Best standards and practices shall always be applied.
Absolutely!!! Money laundering is one of the biggest problems we're facing and it's getting bigger all the time!!! The big question is Why has nothing been done about this Two Hundred Fifty Trillion elephant in the room!!! Just a little suspicious???
The banks and the government are fully in on it as well, of course they don't ask questions, it's in their interest not to to keep up the secretive system that lets them dodge tax, as Rishi Sunak and Akshata Murty have recently been called out for
Distinct lack of integrity in some of these company formation agencies. The incentive should be integrity and upholding their professional reputation but people from certain countries do not view it that way. They don’t even care to uphold the service agreement when they charge people .
Never again.
Spectacles are to be worn to enhance cheeks vision!
I fully agree that the government should significantly increase resources to fight money launderers. Despite all the fines, the private sector has invested heavily in financial crime compliance and prevention over the last 10 to 15 years. Yet, it is well known that most SARs submitted are barely touched after submission. In my view, a combination of more people and the right technology is needed for law enforcement to step up and catch more than just the 1% of bad actors.
Because the system is set up for it
ENRON
Because it's the only economy Britain has left.
Many people would soon shift from the UK due to fraud, taxes and the issue of ease of doing business. It is one thing to setup a company in the UK, then another to run it properly to be profitable.
Money launderers don't care about profits, it's just to cycle the money through different jurisdictions before it settles in a finals place. They'd do it a few times them strike the company off
Okay, so what the hell should be done about it and what has the OCCRP been doing since this video was uploaded?
Would that include the queen of England she has her money in a off shore shell company remember Panama papers
Money laundering?
UK?
Something to do with the tribe most likely 😆
You mean you’re chosen ones who are your masters
@@Ice-emo-yt
They're not my chosen one's.
Who chose them and who says so?
They should be dishing unexplained wealth orders lot more than they have.
The only crime here is how that clown uses his glasses
Did organized crime rise or did the economy shrink to a size where criminal activity cuts into the bottom line? If my history books are correct the UK was never squeamish about the methods to do business with.
That include companies who use BARBARA KAHAN JORDANS
What’s best Asset protection method for crazy ex wife and eu courts trying to bleed me dry ?
Not much you can do, the law says if you're married everything you own and buy is done together so it's roughly 50/50 is hers, if you're poor you are better off at this point, talk to a lawyer, or send your money abroad and leave the country and hope you don't have a shared bank account
Sell evrything and by bitcoin
@@espadamt8839 100%
Go offshore
this is not EU anymore ...
Big Talk over a CBDC but no smoke when politicians, bankers, lawyers, accountants, solicitors, celebrities and Lords won't be able to get there extra pie...
I can give you a list of ex head of states or ex pms living and chilling here publicly even after being most wanted criminal in their country
stealing from people and laundering is best xo
whythefuck No it fucking isn’t it’s dirty money for dirty people and people like that make me sick are sick of how manipulative they’re🤬🤮🤦🏾♂️
@@harrysmith.02 lmao stfu, pussy.
H SLY pussy lmao
The Original Hybrid Stfu you fucking Bimbo
How much is laundering stolen money off shore worth!, Is it in hundreds of $Trillions and enough to pay off every ordinary house holders mortgage and depts, it really belongs to the ordinary people?
*DECRIMINALISE, REGULATE, LEGALISE* TAX, DRUGS WEED, SHROOMS.
American Candy Shops
All of the American candy stores on Oxford Street!!!!!!!!!!!!!!
Do people bank transfer money for cash for profit?
Due diligence is for little people not for US, UK, European, Middle Eastern and Ru$$ian oligarchs.
Evasion
Lots of Turkish barber shops...
Coffee, fried chicken, vapes and recruitment. Welcome to the UK do you like my fat watch and baghead kids??
tory gov. say NO more.
💲🙌
Would you be happy if the money was going the other way eg Africa China India and the rest
so we're the bad guys?
You can open account for $12 pounds in London
Dope Inc.pdf
British wrote the laws.....and accused others of following British laws? LOL
I think Australia wins this one
A bit too much starch for my personal taste but they get the job done.
I think Britian should be black listed by FATF
This can only happen in the civilized democratic world. Now the question is: will China join this international rules based system?
@Where's Walshy My comment was meant to be taken as sarcasm i.e. under the present "rules based system", all sorts of crimes are being carried out with impunity with a justice system taking its cut.
👍👍😁
One name... Chelsea Football Club
The far-flung nickel coincidently head because cabbage subsequently admit upon a observant halibut. flippant, puffy revolve
Your Corruption Project is composed of envious people who want to take more fortunate people's money ..................
Would you like conditioner with your your quick wash sir ? That will be a little extra in the fee, but I'm sure you can afford it! We offer all kinds of services .All are affordable, all are discreet, and most importantly,our Government look the other way. Welcome to our great and glorious financial capital of the world. Have you tried the shrimp.....
An interesting video spoiled by a distracting, tinkly background music track.
This is actually a good thing.
I dare you to try and be an honest bussinessman in a country with big control/regulations like Eastern europe. Good luck...
More people checking businesses sounds nice but its all gonna cost the tax payer big money and will limit the potential growth for the honest businesses because they are gonna get the exact same bureaucracy as the dishonest people...
As with all socialist policies the intentions are very good but the effect is going to ruin UKs economy as we know it.
Thats true Im just more concerned with the child etc trafficking money laundering...sinister
British businessmen are the backbone of the drug pushing industry and child prostitution rings.
How much will it cost the tax payer to screen/vet these 'businesses'? You said 'big money'. How much is 'big'?
Because you let it happen