UK partnerships moved billions through Baltic to Europe, data shows

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Banking leak reveals how LLPs allowed people to move money under the radar

Billions of dollars have flowed into Europe through lightly regulated UK companies with bank accounts in the Baltic region, the Guardian can reveal.

More than 1,000 limited liability partnerships (LLPs) incorporated at the UK company registry handled transactions totalling an estimated $13bn (£9.9bn). Most of the money flowed into the companies via Lithuania’s now defunct Ukio bank.

Related: Q&A: what is the ‘Troika Laundromat’ and how did it work?

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Source: russia
Link : UK partnerships moved billions through Baltic to Europe, data shows

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