Accountancy

London’s finance sector under scrutiny over damning Russia report

The UK’s National Crime Agency estimates more than £100bn in illicit funds impacts the economy each year

London’s finance sector under scrutiny over damning Russia report
Photo: Getty Images

The damning parliamentary report into Russian influence in the UK has put London’s financial heartland under the spotlight, with politicians and anti-money laundering heavyweights calling on City firms to scrutinise business links with the Kremlin.

The 50-page report, published by the parliament’s Intelligence and Security Committee on 21 July, said that accountants and lawyers are among “enablers” in the UK who “wittingly or unwittingly” became de facto agents of the Russian state.

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