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Forget the fleshpots and tax havens — they may or may not get cleaned up by well-intentioned international initiatives. London on the other hand seems determined to go on sucking in ill-gotten gains from Kaliningrad to Guangzhou and most places in between. Why? Was being a tax haven, laundromat and magnet for Russian oligarchs part and parcel of being a global financial capital? Was it really such a bad thing if the world’s billionaires want to bring their money into the city? Russia’s invasion of Ukraine has led to the introduction of some financial sanctions, and the impact of these remains to be seen, but has the damage already been done to London’s reputation?
editor and invited experts
CEO Hermitage Capital; Head of Global Magnitsky Justice campaign; Author, ‘Red Notice and Freezing Order’ (June 2022)
Dame Margaret Hodge MP
MP for Barking; Co-chair, APPG on Anti-Corruption & Responsible Tax
Head of Business Crime, Peters & Peters