UK Suspects Russians Using British Firms to Launder Illicit War Profits
Investigators zero in on shell companies with Russian officers and people say one firm may be shipping Ukrainian grain illegally
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The UK government suspects Russian nationals have exploited lax checks by the companies register in attempts to launder war profits stolen from Ukraine, according to people familiar with the matter.
British law enforcement agencies have identified large numbers of sham companies incorporated in the UK by nationals from a range of countries in recent years, likely for the purposes of money laundering or tax evasion, the people said, asking not to be named discussing confidential matters.