U.K. Targeting Lawyers, Accountants in Illicit Funds Crackdown

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The British government says it is targeting accountants, lawyers and real estate agents who help hide dirty money as part of an increasingly aggressive effort to crack down on illicit fund flows from Russia, China and elsewhere.

“I’m determined that the facilitators — the solicitors, the estate agents, accountants — who I often see in the middle of these investigations, are dealt with in the same way as the gangsters whose money they are laundering,” U.K. Security and Economic Crime Minister Ben Wallace said in an interview at the Home Office.

The government faces growing pressure to crack down on dirty money from Russia after it accused the Kremlin of approving the use of a nerve agent to poison former Russian spy Sergei Skripal and his daughter in Salisbury in March. The U.K. last week named two Russian military intelligence officers, likely traveling to the U.K. under aliases, as key suspects. The Kremlin has denied having anything to do with the attack.

Read the original article here: bloomberg.com


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