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U.K.'s Dirty Money Trail Leads to Private Schools, Crocodile Handbags

From bnnbloomberg.ca

Dirty money worms its way into banks, law firms, and accounting agencies. It seeps into properties, companies, and even schools. And despite a crackdown by British lawmakers and police, the $418 billion flood shows no signs of receding as criminals from around the world continue to make the U.K. a hub for corrupt wealth. That is the key finding of a report released Thursday by Transparency International UK, the London-based arm of the global anti-corruption group. When it comes to money-laundering, one of the toughest challenges is tracing where the proceeds of crimes wind up. By analyzing 400 cases with a British ... (full story)

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