What You Need To Know:
✅ London real estate being used to launder dirty money from former Soviet Union;
✅ ‘Minimum £100 billion a year laundered through London’;
✅ ‘Dusty Victorian bricks of London turned into international currency of kleptocracy’
✅ Corruption in former Soviet Union (Ukraine, Russia) is also a product of Western tax havens.
Ben Judah is a British journalist and author of "Fragile Empire: How Russia Fell In and Out of Love with Vladimir Putin" and the forthcoming "This is London: Life and Death in the World City"
He says that black cash from Russia and Ukraine becomes "nice white useable money" via the London property market. Currently the British property markets allows buyers to hide their property via offshore shell companies, making it ideal for money laundering.
Judah worked on a documentary called Russia With Cash that showed individuals posing as Russian officials attempting to use stolen funds to buy London property. The documentary showed estate agents agreeing help them purchase property despite knowing it was stolen.
In response to the documentary and a petition the Labour Party made ending anonymous purchases a campaign issue, and British Primer Minister David Cameron launched a consultation into the issue. Further progress, however, has been hampered by Cameron's alleged sexual relations with a pig, also known as #piggate.
Judah consideres "modern Russia and Ukraine are as much the creation of the British Virgin Islands and Switzerland and the Cayman Islands as they are of the post-Soviet legacy"
Ben Judah spoke with the Sunday Show's Ian Bateson in Kyiv on September 25, 2015.