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Friday, 10 November 2017

How the UK's "Company Factories" helped criminals from 13 countries launder £80B in stolen and looted money

Transparency International found 766 dodgy companies registered to just 6 UK addresses, formed by Trust and Companies Service Providers (colloquially called "company factories") that took advantage of the drastic understaffing at Companies House (the primary oversight body for company formation) to launder over £80 billion in stolen money smuggled out of 13 countries. (more…)



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