There is no place for loot in Britain
for years prime ministers have secure
they'll trammel on concealing
we will open up the matryoshka dolls of
Russian-owned firms and
Russian-owned entities to seek out the
ultimate beneficiaries at intervals
but below the surface
we've uncovered proof of the promise
crackdown n is not operating
it reveals a disturbing reality all we're
doing is building a world name as
a swamp for loot
thousands of latest English companies whose
ultimate beneficiaries stay hidden and
successive governments have didn't
deal with it
if ministers were warned back within the day
and they didn't take action
that is AN outrageous dereliction of
duty
working with investigators from finance
uncovered we've discovered proof that
since the crackdowns were declared
thousands of companies referred to as English
limited partnerships are created
while several could also be legitimate they permit
the house owners at the guts of the Russian
doll to remain anonymous
no one is checking the United Nations agency their house owners area unit
even if they claim to be primarily based within the
heart of our capital town
this street is simply a few minute's walks
from oxford circus within the center of
London however consistent with a u.s senate
investigation it had been this location that
was used because the registered address of a
company y that was wont to launder cash
by shopping for and merchandising art on behalf of
sanctioned oligarchs several Vladimir
Putin's oldest friends
Boris and arcade Rodenberg area unit martial art
partners of president Vladimir Vladimirovich Putin consistent with
a u.s senate investigation of AN English
limit the d partnership they in secret in hand
called sinara company sent fourteen wire
transfers in 9 and a 0.5 thousand
dollar increments totaling 133 thousand
dollars to AN art authority United Nations agency the senate
report aforementioned expedited purchases for
the Rottenberg
no details were ever provided to
companies house concerning sinara company's
true house owners and nobody was checking the
Rothenberg Rothenberg did not reply to our
questions
it's a scandal
that that person like the Rothenberg United Nations agency
have been sanctioned in America America since
for years have still been ready to use
British
corporate structures
to
bring their cash out of Russia
the through these structures and
then pay it at an
no matter whether they need
exclusive analysis by finance uncovered
in the BBC reveals a thriving system of
financial secrecy expedited by English
limited partnerships
helps usually have a politico director and a
shareholder United Nations agency does not build any choices
what they are doing is hiding the important house owners
from public read
the nominee's area unit is usually primarily based on offshore
tax havens are far-famed for their secrecy
these dolls at intervals dolls build it
impossible to grasp who's very in
charge of firms as you open up the
dolls
here's what you discover in the middle
apart,
the details we've uncovered area unit buried
in leaked monetary documents and
thousands of company records
I simply needed to own a fast look at those
are a number of the findings we have a tendency to show our
findings to AN professional on monetary crime
I would like I might be afraid concerning the
scale e of this however I am completely not I am
just honestly depressed and annoyed
we've been warning the govt. concerning
these issues with these opaque uh
legal structures for years and that they
themselves have committed to reform back
in 2018 however, haven't brought that forward
transparency is that the best disinfectant
they say and that I suppose we want a bucket
load of it during this case around these
English restricted partnerships
in 2017 it emerged that Scottish restricted
partnerships are wont to launder
billions of greenbacks from the previous
soviet union the united kingdom government responded
by forcing them to reveal their true
owners however it did not reform the country
version
since then anti-money washing specialists
have watched as thousands of English
limited partnerships are created
that we have a tendency to area unit very flattered
and they still do not have to state their
true house owners
they are thus
vulnerable to misuse it's nearly
difficult to think about a stronger approach of
putting cash through the system than
using a restricted partnership they're
perfect for the work you'd bear
more checks to travel and obtain your native
council library disposition card than you
will make a corporation that has
limited liability and will doubtless
put legion pounds through a bank
camp anyplace within the world
in 2018 the govt. itself raised
concerns that restricted partnerships were
being abused by criminals following
large-scale concealing scandals
but the loopholes have still been left open
if ministers were warned back within the day
that
helps might be exploited by those wanting
to launder cash and that they didn't take
action
that is AN outrageous dereliction of
duty
a quarter of the helps we have a tendency to find were
created by some of the company
formation agencies one amongst them las
express promoted helps as another
solute on to urge spherical government reforms
allowing the last word house owners to stay
hidden
las are joined to some pretty
controversial firms one was behind
the largest Russian language bitcoin
exchange clean up once the u.s
authorities suspect it of cash
laundering another allegedly ran a
Russian vaccinum misinformation
campaign spreading claims that
AstraZeneca's vaccinum might flip
recipients into chimpanzees
It'll allow you to lead the approach yep
las specific this mass creator of initial
Scottish so English restricted
partnerships have used AN workplace higher than AN
unconnected eating place in central London
and you'll see up there
there's a dish bar
there is a flannel cake
well apparently it is a hive of trade
upstairs
they've got tons of if not thousands of
companies however it's laborious to check wherever
they place all
and that's all there's to check and nonetheless
on the buzzer the name of only one
company
none of this surprises graham no
surprise the least bit and and and that I grasp
addresses wherever there area unit eighty ninety-one hundred 000
companies registered it's it cannot be
real will it
not in any business sense no it
absolutely is not
now this could be naive however I am simply going
to see if I will really ask anyone
from those firms
the buzzer does not appear to figure
doesn't seem like I am attending to get any
kind of answer 990 firms primarily based here
but no one respondent the door
we contacted the owner of the last specific
she would not do AN interview however aforementioned we have a tendency to
have never been concerned in any business
activities of our former shoppers and
only motor-assisted our company shoppers with
their company's formation method mail
forwarding services statutory filings we have a tendency to
never supported any reasonable fraud or
illegal activities
a government advocate told the United States of America is the united kingdom
already had a number of the strongest
controls within the world to combat cash
laundering and it's its forthcoming economic
crime bill would tighten registration
requirements and improve transparency
ensuring that solely those acting at intervals
the law will stay on the united kingdom register
but there appears to be nothing within the
bill to this point to prevent help house owners staying
anonymous
it's completely depressing as a result of this was
entirely preventable
anti-money washing specialists say there
must be correct policing to see
companies expressed house owners area unit real
without any legislative suppression
will be as ineffective as a game of
whack-a-mole all we're doing is building
a global name as a swamp for dirty
money till we have an extremely credible
deterrent at the guts of the united kingdom
anti-money washing system
we're simply shifting deck chairs on a
sinking ship honestly.
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