How London became the dirty money capital of the world | FT Film

Produced, directed and edited by Daniel Garrahan

#Ukraine #Ukrainewar #London #Russia #VladimirPutin #oligarch #Abramovich #property #housemarket #realestate #europe #war #laundromat #londongrad #politics #business #moneylaundering #dirtymoney #cash #economy #business #finance #kleptocrat


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[hennisdoffman]

“The UK has lost its moral compass” - as if it’s ever had any.

[filipkonopacki]

Most people in the UK actually lost out. Russian money wasn’t pumped into the economy, only into property, most of it left unoccupied. The net result was a massive increase in UK property prices (both purchase and rent prices) without the corresponding increase in average wages.

[stanleyzac]

Its so unfortunate that the Uk is going through an economic crisis and its been on for long...It is clear how Uk has changed its policy and shifts to investing in many sectors, including sport. The results may take time, but eventually, there will be drastic changes.

[Dsaes]

She said The UK appears to have completely lost its moral compass !? That was 300 years ago my beautiful lady !!!

[oneeleven]

But if a regular citizen in the uk wants £5k out of there bank account they are looked at like a criminal & questioned in the bank…it’s bollocks !!

[sizif]

One gets the impression from this movie that London and the offshore zones are a heaven predominantly for russian money. Hell no, it is a heaven for all dirty and undeclared money, from all over the world, including the West itself! This is just how it works!

[NickVenture]

The reason to go for Brexit... was to keep the offshore economy unchallenged by E.U. bureaucracy.

[javiergago]

Well done, FT, for speaking up on this important topic. The UK merits a much sounder real-value-creating financial system.

[lsabdc]

It's not just Russian oligarchs who bring dirty money into London, even corrupt Sri Lankan politicians, especially the Rajapaksha family have invested millions of pounds (stolen monies which belong to the poor taxpayers) in various enterprises here. I hope, soon there will be new legislation imposed to arrest them and prosecuted... Fingers crossed!

[VB-exnw]

Let's not forget the elite British nationals who also benefit from this easily corruptable system

[JK-brmu]

"The Russians have accounted for about a billion pounds worth of real estate in London", that's hardly anything.

[kush]

People don't realise the extent to which this 'dirty' money holds up the UK economy. The UK does not have much in terms of natural resources, exports or technology. Their biggest exports are legal and financial services, hence they don't have a choice but to accept dirty money to keep the economy afloat.

[jacksaad]

It was always meant to be why do you think Britain holds on to all these islands in the middle of nowhere that serve exclusively as tax havens? Or why do you think the City of London is still a thing. London's always been the beating heart of international money laundering

[dahasolomon]

Wait the UK at one point in history had a moral compass? Mind blowing allegations there.

[jamesharrison]

Interesting, a number of the most eminent market experts have been expressing their views on the severity of the impending economic downturn and the extent to which equities might plummet. This is because the economy is heading towards a recession and inflation is persistently above the Federal Reserve's 2% target. As I'm aiming to create a portfolio worth no less than $850, 000 before I turn 60, I would appreciate any advice on potential investments.

[ExxonMobilCompany]

Well with the economy and stocks at where it is now, I'd be disappointed if people weren't making any error on their portfolio at this time, it was much easier to navigate during the bull-run, regardless I still see and read articles of people pulling over $225k by the weeks in trades, how come?

[felawes]

Children, grandchildren, and wives are critical in the laundering process for investor visas, which is why public schools have been at the core of sheltering in property.

[Jay...]

The main reason for Brexit was to protect the London Laundromat & the City.
Regarding reform - I'm with the woman who said; "I will believe it when I see it".

[charleyluckey]

Investment is the upper hemisphere of wealth. This is one more reason why you must save and invest to ensure profit and ensure success.

[richardburdett]

The economy stopped relying on manufacturing and started relying on dirty money