30/07/2015 by Don Quijones
London is not a place to stash your dodgy cash – at least not according to UK Prime Minister David Cameron. Speaking in Singapore, Cameron vowed to expose the use of “anonymous shell companies” – the sort of complex structures that were popularized by his globe-trotting predecessor Tony Blair – to buy up luxury UK properties, often in London.
As part of a global effort to defeat corruption, foreigners will be prevented from buying UK homes with “plundered or laundered cash,” Cameron said. Corruption, he added, is “a cancer which is at the heart of so many of the world’s problems” and must be tackled.
There was just one problem with Cameron’s speech: it omitted any mention of the frontline role the City of London plays in helping the world’s richest gangsters stash or launder their “dodgy cash” — a reality that is unlikely to change any time soon…
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