A view across the “London laundromat”. © DncnH
London’s bricks have become a global currency for corruption. Why? The answer is simple: you can buy them anonymously. The perfect Bitcoin for kleptocrats. Because when nobody knows who you really are, nobody knows where your money really comes from. And that’s exactly what criminals want.
The sums are startling: the National Crime Agency (NCA) estimates that “hundreds of billions” are now being laundered in London a year. “I believe the London property market has been skewed by laundered money,” said economic crime command director Donald Toon. “Prices of high-end property are being artificially …read more
Source: Prospect
