The Danske bank money-laundering scandal was only possible thanks to Britain’s opaque corporate laws
Vladimir Putin’s global power is inseparable from his mastery of dark money, which he moves secretly to buy assets and influence. We know he’s doing it, because we can see the effects – the convulsions in Ukraine, the scandal in the United States – but it is far harder to know the precise mechanics.
Thanks to a gigantic money-laundering news story, which this week brought down the head of Danske bank, we can get a sense of just how much money has been pouring out of the former Soviet Union, including cash belonging to the Kremlin elite. And it has all been happening because Britain has refused to help stop it.
Lying in corporate documents is illegal, but enforcement is nonexistent