British MPs' report warns of “Russian money” threat

May 21, 2018, 7:29 AM EDT
Russia was accused of orchestrating the nerve agent attack on an ex-spy in Salisbury.
(Source: Việt Quốc/flickr)

A report by the British parliament’s Foreign Affairs Committee warns that the “dirty Russian money” invested through the financial institutions in the City of London is undermining the country’s security and foreign policy interests.

The report, entitled “Moscow’s Gold: Russian Corruption in the U.K.,” criticized the British government’s lax approach in dealing with the international money laundering by Russian “kleptocrats and human rights abusers,” writes The Guardian.

The report called on the U.K. to coordinate with its international allies on taking steps that make it difficult for Moscow to circumvent global sanctions, notes Reuters.