FILE PHOTO: Russian President Vladimir Putin attends a meeting with Governor of Saint Petersburg Alexander Beglov in Moscow, Russia March 1, 2022. Sputnik/Alexey Nikolskyi/Kremlin via REUTERS
LONDON (Reuters) - Britain set out ways it would crack down on "dirty money" on Monday, introducing new legislation to "hobble" Russian President Vladimir Putin by making it more difficult for those close to him to use London as their playground.
The much-delayed Economic Crime Bill comes as lawmakers from across the political spectrum call on the government to do more to stop the flow of Russian cash into London, dubbed by some as "Londongrad", in response to Putin's invasion of Ukraine.
Subscribe to The Star Yearly Premium Plan for 30% off
Cancel anytime. Ad-free. Full access to Web and App.
Monthly Plan
RM 13.90/month
RM 9.73/month
Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.
Annual Plan
RM 12.39/month
RM 8.63/month
Billed as RM 103.60 for the 1st year, RM 148 thereafter.
