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Showing posts with the label "money-laundering"
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