{"id":4573,"date":"2018-05-21T09:10:36","date_gmt":"2018-05-21T09:10:36","guid":{"rendered":"http:\/\/noti-america.com\/site\/alemania\/?p=4573"},"modified":"2018-05-21T09:10:36","modified_gmt":"2018-05-21T09:10:36","slug":"russian-dirty-money-flowing-through-london-damages-britain-mps","status":"publish","type":"post","link":"https:\/\/noti-america.com\/site\/principal\/2018\/05\/21\/russian-dirty-money-flowing-through-london-damages-britain-mps\/","title":{"rendered":"Russian \u00abdirty money\u00bb flowing through London damages Britain – MPs"},"content":{"rendered":"
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Source (\u00a0Reuters)<\/strong><\/em><\/div>\n<\/div>\n<\/div>\n<\/div>\n
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LONDON \u00a0– Russian money hidden in British assets and laundered through City of London financial institutions damages the government\u2019s efforts to take a tough stance against Moscow\u2019s aggressive foreign policy, a committee of lawmakers said on Monday.<\/p>\n

Britain\u2019s financial centre has been a big beneficiary of the massive flight of Russian cash since the 1991 fall of the Soviet Union, and London remains the Western capital of choice for the oligarchs and Russian officials who flaunt their wealth across Europe\u2019s most luxurious destinations.<\/p>\n

But Britain has led an international diplomatic backlash against Russia following the poisoning of an ex-Russian spy in an English city – an attack which the government blames on the Kremlin. Moscow has denied any involvement in the incident.<\/p>\n

A report by parliament\u2019s Foreign Affairs Committee said Russian money was undermining Britain\u2019s criticism of the Kremlin and supporting what it called a campaign by President Vladimir Putin \u201cto subvert the international rules-based system\u201d.<\/p>\n

\u201cThe scale of damage that this \u2018dirty money\u2019 can do to UK foreign policy interests dwarfs the benefit of Russian transactions in the City,\u201d said committee chairman Tom Tugendhat.<\/p>\n

\u201cThere is no excuse for the UK to turn a blind eye as President Putin\u2019s kleptocrats and human rights abusers use money laundered through London to corrupt our friends, weaken our alliances, and erode faith in our institutions.\u201d<\/p>\n

Among its recommendations, the committee said Britain should work with international allies to make it more difficult for Russia to issue sovereign bonds, which are not subject to sanctions, via banks which are sanctioned – a practice the report said undermined efforts to rein in Russian behaviour.<\/p>\n

Linklaters, one of Britain\u2019s most prestigious law firms, was singled out for criticism over its work on deals involving Russian companies close to Putin.<\/p>\n

The committee said others should now judge whether the firm had become \u201cso entwined in the corruption of the Kremlin and its supporters that they are no longer able to meet the standards expected of a UK-regulated law firm\u201d.<\/p>\n

Linklaters said it was \u201cvery surprised and concerned\u201d at the criticism and rejected any suggestion because the firm works in a particular market it is involved in corruption.<\/p>\n

Russia has been accused of interfering in the 2016 U.S. election and of a series of cyber attacks around the world. It denies both.<\/p>\n

In April, the United States imposed major sanctions against 24 Russians, striking at allies of Putin in an aggressive move to punish Moscow for its alleged meddling.<\/p>\n

PRIME DESTINATION<\/h3>\n

The British National Crime Agency said this month that potentially hundreds of billions pounds of money-laundering impacts Britain each year, and that it is a prime destination for Russians looking to legitimise the proceeds of corruption.<\/p>\n

\u201cThe use of London as a base for the corrupt assets of Kremlin-connected individuals is now clearly linked to a wider Russian strategy and has implications for our national security,\u201d the committee report said.<\/p>\n

After convincing dozens of countries, including the United States, to expel Russian diplomats in response to the use of a nerve agent on British soil in March, Britain has promised further measures to tighten sanctions against Russians.<\/p>\n

But the committee said more needed to be done domestically to tighten sanctions on individuals and at an international level to close loopholes that allow Russia to issue sovereign debt with the help of sanctioned entities.<\/p>\n

It recommended working with the EU and United States on a way to prohibit the purchase of Russian bonds which have been sold with the help of sanctioned banks, and a ban on European clearing houses making Russian debt available.<\/p>\n

\u201cThe size of London\u2019s financial markets and their importance to Russian investors gives the UK considerable leverage over the Kremlin,\u201d the report added.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Source (\u00a0Reuters) LONDON \u00a0– Russian money hidden in British assets and laundered through City of London financial institutions damages the government\u2019s efforts to take a tough stance against Moscow\u2019s aggressive foreign policy, a committee...<\/p>\n","protected":false},"author":33,"featured_media":4574,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10219548024599422_1632221337088128":"","twitter_242054905_242054905":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[5],"tags":[],"class_list":["post-4573","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economia"],"acf":[],"yoast_head":"\nRussian "dirty money" flowing through London damages Britain - MPs - Noti-America.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/noti-america.com\/site\/principal\/2018\/05\/21\/russian-dirty-money-flowing-through-london-damages-britain-mps\/\" \/>\n<meta property=\"og:locale\" content=\"es_ES\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Russian "dirty money" flowing through London damages Britain - 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