The UK government’s rhetoric on clamping down on Russian money laundering in Britain “has not been matched with constructive action”, a critical report by a cross-party committee of MPs has found.
The report by the House of Commons foreign affairs select committee suggested that “morally bankrupt billionaires” were using the UK as “a safe-deposit box”, and concluded it was “shameful that it has taken a war to galvanise the government into action”.
“The government’s lack of willingness to bring forward legislation stemming the flow of Russian money has directly contributed to the UK’s status as a safe haven for corrupt wealth,” the report said.
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