Video: How are criminals able to launder money through London properties?
Video: Jim Armitage explains how criminals use London properties to launder money
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.Yesterday, The Independent reported that billions of pounds of corruptly gained money had been used by criminals and foreign officials to buy upmarket properties in London through anonymous offshore front companies.
Some 36,342 properties had been bought through these offshore havens, most of which for legitimate privacy purposes, but vast numbers are believed to have been anonymously bought to hide stolen money.
The latest revelations have arguably made London the world capital of money laundering.
But how are criminal’s able to launder this money through property in the capital?
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments