Get ahead of the trends and conversations that are shaping the City of London and global financial capitals. Join Bloomberg’s Francine Lacqua, Dave Merritt and Allegra Stratton every Thursday as they uncover the best stories and speak to people in the know.
London Struggles to Wean Itself From Russian Billions
London Struggles to Wean Itself From Russian Billions
Easy access to financial markets has made London a prime spot to wash dirty money, with Britain’s National Crime Agency estimating annual figures run into the hundreds of billions. But the war in Ukraine is forcing the government to rethink its accommodation of the world's richest. However, even with additional powers imposed by the Economic Crime Act, loopholes mean some can circumvent sanctions. Calling into question: is dirty money too ingrained into the City to clean out? David Merritt speaks to Stephanie Baker, senior writer at Bloomberg, and Caroline Knowles, professor of sociology at Goldsmiths, University of London, and author of Serious Money: Walking Plutocratic London about the City's super rich and how they're shaping London in their own image.
Jun 30, 2022