Explained: How London launders Russia's dirty money

Ukrainians are sacrificing their lives to defend against Russian invaders.

The UK won't even sacrifice a bit of cash - because it would mean going after our offshore tax havens.

Presenter: Oli Gark
Camera: Ed Campbell
Graphics: Will Lennard, Nathan Monaghan

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[mrb.]

Its not the best accountants they can afford - it's the 'best' MPs and government ministers.

[PadHicks]

I love the direction this channel is taking. Just spitting straight facts whether we like it or not.
Keep it up!

[Hiznogood]

And here is the reason Tories wanted Brexit, no snooping EU bureaucrats putting their noses into the shady UK money laundromat!

[associatedblacksheepandmisfits]

Hence the real reason for brexit.
EU demanding accountability for offshore accounts anyone
There's a no brainer !

[annehenderson]

Dirty money is the reason teachers and nurses can’t afford to buy property in London.

[dannylad]

I remember the early 2010's, and the house prices around greater London drastically soared, and it was basically down to these oligarchs buying out most of central London and essentially hollowing out the city. They weren't even living in those houses let alone contributing to the local society or the tax system, while your minum wage workers were travelling in from further afield and still contributing more to the tax purse.

How it was allowed to go on I dont know?

[Qwerty]

What is shameful is how very little it has cost the Oligarchs to buy our democracy.

[shortfattoad]

Time to tax wealth, global wealth tax, no matter where you live or where you keep your money, that includes property.

[nosnibor]

For the establishment - this is just buisness. Its not corruption, its not money laundering, its just buisness. Like in the Godfather movie "Tell Michael I always liked him, its just buisness".

[willienelsongonzalez]

Great Britain; being Putin and Russians best friend since the Berlin Wall came down.
Well done Joe Politics, another quality piece!

[johnsonrob]

Can't agree with the last point - that nothing can be done... Strip accountants, found to be circumventing the rules, of their charter, as well as banning them from any future work in financial services or related consultancy, and attach criminal offences with prison sentencing - see how many will continue to do so... It is quite possible, but probably unlikely - esp. under a tory government; as they will not act against the interests of their paymasters (big business and the super rich) - as this issue goes much further than just Russian money...

[almafrith]

Brilliant analysis of corruption in the UK with a nod a wink and a helpful hand from the leader of the Tory party.

[antonycharnock]

What I find most concerning is the UK economy is nothing without dodgy money.

[californiadreamin]

I just loved it when I had to provide payslips, and bank statements, to prove the source of my savings when I bought my very very modest house …..without a mortgage.

[steenrasmussen]

Nothing works like when you got friends in high places and a floored system OLI - works every time. Anne got a point but then again does London really need teachers and nurses that also live there? Sadly it took a war to bring out in the open what has been public knowledge for ages apart from a few MP's who did it through Parliamentary privilege.

[natemonroe]

Agree with everything but your negative conclusion that 'it's almost impossible to stop'. No it isn't. We just need politicians that actually WANT it stopped.

[annawalsh]

Ordinary people have to pay tax whilst Putin and his oligarchs don't, how is that morally right?

[fburton]

"It's almost impossible to stop" Not really. Just make being so rich prohibitively expensive. No one _needs_ to be that rich.

[pausenrewind]

I like this channel, straight to the point very well presented & easy to take in no boring unable to understand terminology where you have to pause the video to research what it means, spot on👍

[SSRT_JubyDuby]

Very well done and said. 👏👏
Like deployed 👍