The Guardian: British banks were involved in ‘laundering’ money from Russia

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According to the investigation of newspaper The Guardian, several largest British banks were involved in an international scheme of laundering of huge amounts of money from Russia.

The newspaper notes that at least $700 million went through British banks, more than half of them through HSBC.

The Guardian writes about so-called Operation Landromat, which became known as early as in 2014 after the investigation of the Russian newspaper Novaya Gazeta, carried out together with the international organization of investigative journalists called the Organized Crime and Corruption Reporting Project (OCCRP).

It is believed that from 2011 to 2014 $22 billion were taken out of Russia using this scheme. Money were transferred from Russia to Moldova by decisions of Moldovan judges, from there to Latvia, and then to other EU countries, including Britain.

Last Monday, Reuters and Novaya Gazeta reported that the investigation regarding the withdrawal of $22 billion from Russia through Moldova is being hampered by FSB officers.

As the journalists of the Guardian note, their investigation was based on the study of bank records.

Representatives of all British banks mentioned in the material insist that they fully comply with the law and take measures to fight money laundering.

In December last year British banks were involved in a scandal with money laundering in Singapore and Malaysia.

Source: BBC