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Can the new Economic Crime Bill really tackle the UK’s dirty money problem?

From Russian money laundering to a fraud epidemic, economic crime costs the UK at least £290bn a year. The government must crack down on it

Can the new Economic Crime Bill really tackle the UK’s dirty money problem?
UK governments have long welcomed Russian oligarchs to 'Londongrad' | Ilyas Ayub / Alamy Stock Photo
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Russia’s full-scale invasion of Ukraine has finally forced the UK government to get serious about the country’s dirty money problem.

The welcome mat that successive UK governments put out in ‘Londongrad’ for Russian oligarchs and firms with close links to the Putin regime, now looks at best extraordinarily naïve and at worst wilfully negligent. This is especially true when you consider the strong warnings from bodies such as the Intelligence and Security Committee and defence experts.