Financial journalist Oliver Bullough offers enticing details on how Russian oligarchs have shielded their cash in the United Kingdom with the enthusiastic help of its banks. By routing money from criminal and corrupt activities through tax havens, British banks have made it possible for these kleptocrats, many of them public officials with modest salaries, to live lavish lifestyles. But tracing such complex transactions is extraordinarily difficult, which makes prosecution a long and nearly impossible process. getAbstract recommends this intriguing article to financial professionals and anyone who wants to follow the money.
In this summary, you will learn
- How the decades-old relationships between Russian oligarchs and UK banks developed;
- Why the ties between the two have become so firmly entrenched; and
- What the consequences of Russian wealth in Britain have been, and what the future may hold.
About the Author
Oliver Bullough is a journalist who has written extensively about corruption in Russia.