MPs re-examine UK response to Russian dirty money

Written by David Fletcher 13 Jan 2022
MPs re-examine UK response to Russian dirty money

Tom Tugendhat will chair a foreign affairs select committee to look into the Government’s apparent inability to crack down on money-laundering. Russian oligarchs’ use of London to launder their fortunes will come under renewed scrutiny. The Foreign Office is often accused of leaving a gap between its tough anti-Russian rhetoric and failure to control either money-laundering or those in the UK who enable the corruption. Foreigh secretary Liz Truss says the UK has some of the toughest anti-corruption laws in the world, but even in her short period in office she has been repeatedly challenged to review whether the laws are working effectively or adequately policed. The inquiry will follow up a previous investigation which found gaps in government anti-corruption armoury, warning, ‘Turning a blind eye to London’s role in hiding the proceeds of Kremlin-connected corruption risks signalling that the UK is not serious about confronting the full spectrum of Putin’s offensive measures.’

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