- The Russian Laundromat and cross-border money laundering
- Original news
- What issues are raised by the Russian Laundromat with regards to cross-border money laundering?
- How are legal barriers between companies and banks exploited by criminals to launder cash?
- What jurisdictional issues do UK enforcement agencies such as the NCA face when attempting to investigate instances of money laundering, and how can these be addressed?
- With the ability to establish a source of the funds pivotal to catching such criminals, what more needs to be done by government, banks, courts and the relevant authorities—eg ending offshore secrecy, greater information sharing, cross-border collaboration, etc?
- Will the issue of the Russian Laundromat and the involvement of UK banks be subject to further parliamentary scrutiny anytime soon?
Corporate Crime analysis: Charles Bott QC, head of Carmelite Chambers, says the successful investigation of money laundering activity, for the purposes of control or criminal investigation depends on productive cooperation and a flexible use of cross-jurisdictional procedures. He explains why Russian and Eastern European cases are seriously problematic.
Sign in or take a trial to read the full analysis.
To continue reading this news article, as well as thousands of others like it, sign in to LexisPSL or register for a free trial