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Sep 5, 2014 · Dirty Money: Directed by Jenny Ash, Marion Milne. With Ioan Gruffudd, Jeremy Black, Dan Cruickshank, Saul David. Money drove the making of modern Britain, beginning with its role in rebuilding London following the Great Fire of 1666.
- (10)
- Documentary
- Jenny Ash, Marion Milne
- 2014-09-05
May 21, 2024 · Labour is planning a crackdown on dirty money in the UK, with proposals to punish white-collar enablers of kleptocracy and offer rewards of up to £250,000 to whistleblowers who identify...
Apr 17, 2024 · Being a safe haven for dirty money has significant implications for the UK. It compromises national security and diminishes the UK’s credibility when holding kleptocrats around the world to account.
- Overview
- Invasion of Ukraine
Government bringing forward new legislation to tackle economic crime following Russia’s invasion of Ukraine.
Legislation to crack down on dirty money in the UK and corrupt elites will be introduced in Parliament tomorrow, 1 March 2022.
Following the commitments announced by the Prime Minister last week, the government has brought forward the Economic Crime (Transparency and Enforcement) Bill in light of Russia’s invasion of Ukraine. The new legislation will help the National Crime Agency prevent foreign owners from laundering their money in UK property and ensure more corrupt oligarchs can be handed an Unexplained Wealth Order (UWO).
The new register will require anonymous foreign owners of UK property to reveal their real identities to ensure criminals cannot hide behind secretive chains of shell companies, setting a new global standard for transparency. Entities who do not declare their ‘beneficial owner’ will face restrictions over selling their property, and those who break the rules could face up to 5 years in prison.
Under the reforms being brought in on UWOs, those who hold property in the UK in a trust will be brought within scope and the definition of an asset’s ‘holder’ will also be expanded to ensure individuals can’t hide behind opaque shell companies and foundations.
The reforms will also remove key barriers to the use of UWOs by increasing time available to law enforcement to review material provided in response to a UWO and reforming cost rules to protect law enforcement agencies from incurring substantial legal costs if they bring a reasonable case that is ultimately unsuccessful.
The Register of Overseas Entities will require anonymous foreign companies owning or seeking to buy UK land to reveal their true owners, ensuring criminals cannot hide behind secretive chains of...
Apr 4, 2022 · Far more fundamental and far-reaching reform is needed to meaningfully tackle the tide of dirty money washing through London. The City of London’s role in facilitating the UK’s use as a laundromat for corrupt foreign elites must be considered.
Author and investigative journalist Oliver Bullough joins host Tom Tugendhat MP to discuss ‘dirty money’, the illicit wealth stolen by kleptocrats and criminals which is then laundered and invested in the UK.
