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MercoPress, en Español

Montevideo, December 22nd 2024 - 19:49 UTC

Tag: DBEIS

  • Monday, April 30th 2018 - 08:11 UTC

    UK crackdown on money laundering: SLPs channeled US$ 80bn out of Russia

    DBEIS said SLPs have been linked to criminal networks in Eastern Europe and allegedly used in international arms trafficking deals.

    The UK Government is to launch a new crackdown on money laundering amid warnings that a century old business scheme designed to help Scottish farmers is being exploited by foreign criminals. Scottish limited partnerships (SLPs) were first created in 1907 for farm holdings, but ministers say their legal structure makes them attractive money laundering vehicles for international crime groups.