Beautiful Virgin Islands

Thursday, Oct 30, 2025

UK slammed for ‘under-enforcement’ of corruption laws as new report identifies £325 BILLION in ‘suspect’ cash

UK slammed for ‘under-enforcement’ of corruption laws as new report identifies £325 BILLION in ‘suspect’ cash

It’s no secret that some of the world’s most corrupt flock to the UK to take advantage of lax enforcement of anti-corruption laws, but new research claims to show how UK firms are wittingly and unwittingly facilitating the crime.
Transparency International (TI) analyzed more than 400 corruption and money-laundering cases, totalling £325 billion-worth of “suspect funds,” and revealed the lavish spending habits of the elite.

Among other things, TI said corrupt money had been spent on a £1 million Cartier ring and huge sums on masterpieces from Sotheby’s, a Tom Ford crocodile-skin jacket and matching handbag from Harrods, 421 luxury properties worth £5 billion – and a hovercraft.

The cash in question frequently comes from embezzlement by corrupt state officials in foreign countries, the report said. British service providers, it adds, “have been involved in some of the most egregious cases of corruption in our time.”

Yet, despite the fact that the problem is occurring on a regular basis, Britain seems unable or unwilling to tackle it efficiently. TI said laws to combat such corruption "remain under-enforced" – and the lax enforcement therefore contributes to the "lack of a credible deterrent against wrongdoing."

The report found that 582 British firms or individuals had helped the super-rich bring their dodgy money into the country. Money was laundered through a whopping 17,000 shell companies and, incredibly, 1,455 of those were registered to the same address, over a wine bar in Birmingham.

The report also points to "significant deficiencies" in the UK's corporate liability laws, which mean it is incredibly difficult to successfully prosecute a big multi-national company for money laundering or bribery.

The nature of the involvement of British companies and institutions in these schemes varies from “unwitting involvement” to fully complicit and “knowingly facilitating” corruption.

The Chief Executive of Transparency International UK, Daniel Bruce, said that while government and law enforcement agencies have made progress in recent years, it is still "far too easy" for corrupt individuals to receive assistance from UK businesses. "There remains too much poor practice to be able to assume bad behaviour is confined to a few rotten apples," he said.

“This should act as a wake-up call for Government and regulators, and deliver much-needed reforms to the UK’s defences against dirty money,” Duncan Hames, director of policy at Transparency International UK, said.

London has long been seen as a playground for the rich and corrupt, but it’s not just luxury items that these people are after, either. They are also forking out cash on “educational consultants” to help secure places for their kids at the most prestigious British schools and universities. Nearly £3 million was paid to private schools like Charterhouse and Lancing College. Universities like the London School of Economics and University College London also received hundreds of thousands of pounds.

The report describes the UK property market as a "prime destination" for criminals to launder and enjoy their stolen wealth "with impunity" – using the properties as their own personal "safety-deposit box."

In May, Zamira Hajiyeva, the wife of a corrupt Azeri banker serving 15 years in prison, became the subject of the UK's first unexplained wealth orders (UWO). Hajiyeva coughed up £30,000 on luxury Godiva chocolates at Harrods as part of a decade-long, £16 million spending spree.
Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
UK and Vietnam Sign Landmark Migration Deal to Fast-Track Returns of Irregular Arrivals
UK Drug-Pricing Overhaul Essential for Life-Sciences Ambition, Says GSK Chief
Princesses Beatrice and Eugenie Temporarily Leave the UK Amid Their Parents’ Royal Fallout
UK Weighs Early End to Oil and Gas Windfall Tax as Reeves Seeks Investment Commitments
UK Retail Inflation Slows as Shop Prices Fall for First Time Since Spring
Next Raises Full-Year Profit Guidance After Strong Third-Quarter Performance
Reform UK’s Lee Anderson Admits to 'Gaming' Benefits System While Advocating Crackdown
United States and South Korea Conclude Major Trade Accord Worth $350 Billion
Hurricane Melissa Strikes Cuba After Devastating Jamaica With Record Winds
Vice President Vance to Headline Turning Point USA Campus Event at Ole Miss
U.S. Targets Maritime Narco-Routes While Border Pressure to Mexico Remains Limited
Bill Gates at 70: “I Have a Real Fear of Artificial Intelligence – and Also Regret”
Elon Musk Unveils Grokipedia: An AI-Driven Alternative to Wikipedia
Saudi Arabia Unveils Vision for First-Ever "Sky Stadium" Suspended Over Desert Floor
Amazon Announces 14 000 Corporate Job Cuts as AI Investment Accelerates
UK Shop Prices Fall for First Time Since March, Food Leads the Decline
London Stock Exchange Group ADR (LNSTY) Earns Zacks Rank #1 Upgrade on Rising Earnings Outlook
Soap legend Tony Adams, long-time star of Crossroads, dies at 84
Rachel Reeves Signals Tax Increases Ahead of November Budget Amid £20-50 Billion Fiscal Gap
NatWest Past Gains of 314% Spotlight Opportunity — But Some Key Risks Remain
UK Launches ‘Golden Age’ of Nuclear with £38 Billion Sizewell C Approval
UK Announces £1.08 Billion Budget for Offshore Wind Auction to Boost 2030 Capacity
UK Seeks Steel Alliance with EU and US to Counter China’s Over-Capacity
UK Struggles to Balance China as Both Strategic Threat and Valued Trading Partner
Argentina’s Markets Surge as Milei’s Party Secures Major Win
British Journalist Sami Hamdi Detained by U.S. Authorities After Visa Revocation Amid Israel-Gaza Commentary
King Charles Unveils UK’s First LGBT+ Armed Forces Memorial at National Memorial Arboretum
At ninety-two and re-elected: Paul Biya secures eighth term in Cameroon amid unrest
Racist Incidents Against UK Nurses Surge by 55%
UK Chancellor Rachel Reeves Cites Shared Concerns With Trump Administration as Foundation for Early US-UK Trade Deal
Essentra plc: A Closer Look at a UK ‘Penny Stock’ Opportunity Amid Market Weakness
U.S. and China Near Deal to Avert Rare-Earth Export Controls Ahead of Trump-Xi Summit
Justin time: Justin Herbert Shields Madison Beer with Impressive Reflex at Lakers Game
Russia’s President Putin Declares Burevestnik Nuclear Cruise Missile Ready for Deployment
Giuffre’s Memoir Alleges Maxwell Claimed Sexual Act with Clooney
House Republicans Move to Strip NYC Mayoral Front-Runner Zohran Mamdani of U.S. Citizenship
Record-High Spoiled Ballots Signal Voter Discontent in Ireland’s 2025 Presidential Election
Philippines’ Taal Volcano Erupts Overnight with 2.4 km Ash Plume
Albania’s Virtual AI 'Minister' Diella Set to 'Birth' Eighty-Three Digital Assistants for MPs
Tesla Unveils Vision for Optimus V3 as ‘Biggest Product of All Time’, Including Surgical Capabilities
Francis Ford Coppola Auctions Luxury Watches After Self-Financed Film Flop
Convicted Sex Offender Mistakenly Freed by UK Prison Service Arrested in London
United States and China Begin Constructive Trade Negotiations Ahead of Trump–Xi Summit
U.S. Treasury Sanctions Colombia’s President Gustavo Petro over Drug-Trafficking Allegations
Miss USA Crowns Nebraska’s Audrey Eckert Amid Leadership Overhaul
‘I Am Not Done’: Kamala Harris Signals Possible 2028 White House Run
NBA Faces Integrity Crisis After Mass Arrests in Gambling Scandal
Swift Heist at the Louvre Sees Eight French Crown Jewels Stolen in Under Seven Minutes
U.S. Halts Trade Talks with Canada After Ontario Ad Using Reagan Voice Triggers Diplomatic Fallout
Microsoft AI CEO: ‘We’re making an AI that you can trust your kids to use’ — but can Microsoft rebuild its own trust before fixing the industry’s?
×