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One expert believes Britain is the "world leader" in covering up dirty money

One expert believes Britain is the “world leader” in covering up dirty money

A leading sanctions expert told The Independent that Britain was the “world leader” in covering up dirty money, despite recent attempts to suppress the illicit wealth of oligarchy.

Bill Prouder has urged Boris Johnson’s government to deal with an “enforced community” of London lawyers and accountants suspected of aiding the cryptocurrency. [لصوص نافذين] To protect their property from Russia and elsewhere.

Critic of Vladimir Putin – who campaigned for Magnitsky’s sanctions against human rights abuses like many Western governments – said the UK government should now force the so-called authorities to share with the authorities.

“The UK is a world leader in attracting dirty money,” he said. Browder said. “England have a chance to close a big, massive hole that will drag everyone to London for money laundering.”

He added: “London’s community of executives is as high as anywhere else in the world.

The government quickly passed an economic crime bill in parliament last month in an attempt to dispose of illegally acquired assets. Has created a new record that requires foreign companies to release the name of the “beneficial owner” of the property in the UK.

But Mr. Browder and other anti-corruption activists say there are many “loopholes” in the law, which still allow cryptocurrencies to hide their assets in complex structures such as shell companies and trusts.

Home Secretary Priti Patel has promised a second “follow-up” to the Economic Crimes Bill, and promised to reform the Corporate House. [“سجل الشركات”]. He also gave a vague promise that the bill would lead to the sharing of additional information on “suspicious money laundering”.

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Mr. Browder said the second bill would impose clear obligations on “enforcers” to share information about suspicious illicit wealth, as well as severe criminal penalties for failing to do so.

“Currently there is only a reward, no risk. If they pay a fine or risk going to jail, they are unlikely to help,” he added. [أوليغارشيين] They have the opportunity to provide information. ”

Earlier, Commerce Secretary Paul Scully said The Independent knew the second economic crime law would be introduced “in advance” at the next parliamentary session and would be included in the Queen’s speech on May 10.

Although the government could use existing legislation to impose sanctions on hundreds of people identified as close to Russian President Vladimir Putin, activists say authorities do not have sufficient investigative powers to remove the dirty money flowing through the seas of London and the United Kingdom. Tax havens ..

Anti-corruption experts and oligarchs could still use shell companies – often set up in UK-controlled Crown and Overseas Territories – to block the authorities in the absence of strong new measures in the next bill.

Susan Howley, executive director of Spotlight on Corruption, wants to reform Corporate House to increase transparency. Rather than act as a registrar, it wants to give this agency new powers to initiate investigations in advance.

Ms Hawley said: “We are concerned that the government is losing interest in dealing with this matter properly.

The campaign team also called on Mr. Soccer to crack down on so-called executors in the Second Criminal Bill. Supported Browder’s call. Ms Hawley said: “It’s really a missed opportunity if we do not have any consideration of how to oversee the legal and accounting departments when it comes to money laundering investigations.”

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Labor MP Margaret Hodge argued that the government should use planned legislation to strengthen the power of law enforcement agencies and deal with those who help oligarchy protect their money.

“Assistants who make this easier should also be dealt with,” he told The Independent. “It should be classified as a criminal offense. This is the only way to prevent it.”

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Mr Broder warned that Mr Johnson’s government should not break its promise to stop the flow of dirty money. He said he could not bear these reports scattering without a trace [تتناثر في الهواء] Because laws and companies do not work. I’m worried the interest will evaporate. “

A government spokesman said the first economic crime bill would allow the government to “move quickly on penalties, prevent criminals from laundering their money on assets in the UK and strengthen liability for unwanted wealth”. [طلبات تفسير لمصادر الثروة المستخدمة لشراء العقارات في المملكة المتحدة]”.

When asked about the plans for the second bill, the spokesman said it would be “part of a series of legislative proposals to address illegal financing, including the reform of the Corporate House, which will be tabled in Parliament in the coming months.”