British values Via Michael Roberts and the FT The companies of which country after Russia were engaged in money laundering using the Estonian branch of Danske Bank? Answer: Britain UK corporate entities were the second-biggest proportion, behind Russian, of 15,000 non-resident customers at the Estonian branch of Danske, the bank revealed this week. Up to €200bn flowed through those 15,000 customers’ accounts between 2007 and 2015. Danske estimates that much of this will be suspicious, making it one of the biggest money-laundering scandals ever. English LLPs and Scottish limited partnerships have been linked with financial crime and money-laundering. The structures essentially give anonymous shell companies a UK wrapper and can be registered through an official formation agent for as little as £50. British LLPs were the “preferred vehicle” for moving non-resident money and detailed how one customer had filed false information to Companies House, the UK’s corporate reg...
“The West won the world not by the superiority of its ideas or values or religion (to which few members of other civilizations were converted) but rather by its superiority in applying organized violence. Westerners often forget this fact; non-Westerners never do.” —Samuel P. Huntington, The Clash of Civilisation and the Remaking of the World Order, 1996, p. 51