Oligarchs and officials from former Soviet republics with high levels of corruption have purchased more than £2bn worth of property in the UK.
Almost a hundred properties in London and the southeast of England have been bought by wealthy elites from Azerbaijan, Kazakhstan, Russia and other authoritarian states between 1998 and 2017, a report from the London-based think tank Chatham House has revealed.
The report also found that a British professional services industry that helps elites linked to corrupt regimes hide their wealth and “weak and under-resourced” anti-corruption regulators have made the UK a “global money-laundering capital”.
