Per a US Senate committee investigation in 2020, Arkady and Boris Rotenberg – judo partners of the Russian president – historical a form of company to dodge anti-money laundering legal guidelines, it has been claimed.
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These companies, is named English Exiguous Partnerships (ELPs), attain no longer require their true owners to be identified and as hundreds are being created, is Britain building a recognition as a swamp for dirty money?
ELPs are legitimately historical in true estate, funding and pension funds – they occupy tax advantages, as an instance, and the amount investors possibility is puny.
Successive governments occupy did no longer take care of the problem and dealing with investigators from Finance Uncovered, we’ve got came across evidence that these companies had been historical to hang shut millions of bucks worth of artwork.
BBC Economics Correspondent Andy Verity reports on how heaps of of ELPs are registered to single address in central London.
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