Nah because their country didnt "poison" some guy and his daughter in Salisbury Although in Mansours country, being gay is punishable by a 14 year prison sentence. But you can do what you want when your country is willing to play ball. Russia isn't. They dont take the Wests bullshit.
@Archers Road - HSBC in 2012 i think it was, were fined $1.92 BILLION dollars for allowing it's bank to be used as a source of money laundering.
Checked for what ffs? Would this be financial sector's equivalent of the FAs 'fit and proper person' checks? You think the Qataris buying up half the West End of London are squeaky clean? You think the Duke of Westminster's finances would stand scrutiny? How about David Cameron, Boris Johnson, or Jacob Reese-Mogg? They all have huge sums domicled offshore, you think they want that investigated? Get a grip brb for fuxakes.
Exactly! And there has been many other banks fined since. The only difference in this case is the media are highlighting it. Everyone has to be able to account for there source of income if it passes through a bank, including you and me on a minor degree. There was a case not too long ago where a personal account holder was refused to deposit a large sum of cash into his bank account (Santander I think it was), because he didn't have the invoices to prove where the money came from.
You used the word 'offshore' - I'm not talking about offshore, I'm talking about assets in this country.
You think the same rules that apply to Joe the plumber working on the lump, or a self employed courier from Hastings suspected of low level drug dealing, are administered equally stringently when there's billions involved? Don't be ****ing daft - "Several billion dollars worth of oil and gold? That'll do nicely sir. Would you like to buy a Jump Jet with that?"
I repeat again, I'm talking about assets in this country. Obviously if anything happens in banks offshore and are found to have breached rules, you can rest assured if any of it touches the US system then the fines will be billions. Clearly you know nothing about the financial sector and get all your business knowledge from Robert Maxwell
I'm talking about UK owned businesses that are domiciled offshore but with no actual presence other than an empty office in the British Virgin Islands, to avoid paying UK tax. Most of those tax havens around the world are British dependancies. That's why the likes of Aron Banks and Dyson want to leave the EU, to avoid regulation. The City of London is a ****ing casino btw, one of the most lightly regulated financial market places in the world. So they publicly locked a couple of stable doors after the last lot of horses bolted, and you think it's been cleaned up? Jesus brb, how ****ing naive are you?
@Archers Road - February this year...https://www.telegraph.co.uk/business/2018/02/20/william-hill-fined-62m-money-laundering-failures/
I don’t think they have the legal capacity to do that, not without something more concrete. But, it seems that he could well be asked to give a far fuller account as to,how he acquired his wealth.
Congratulations, you have just won the Queen's Award for Gullibility. If they switched off all the funny money sloshing around the City, within a month it would look like Rome after the fall.
They’ll never entirely clean The City up. Put simply, where there’s money, there’s bound to be crooks. However, it’s far, far cleaner than it was. It’s far more difficult now in this electronic age to permanently hide or conceal anything - everything is logged somewhere. The FSA have finally, sort of got their act together. They’ll always be one step behind, but compliance nowadays is far tougher than it was.
Offshore income now has to be declared by the overseas bank to the local tax authority. EU rule that was implemented recently!
