Indeed, it never had one.

UK Government*

Never had it. Think about how they conquered and plundered almost the whole world

@@NyanyiC Hang on, you’re telling me in places like Africa, South America or anywhere for that matter corruption isn’t involved 😂😭 _Nearly_ all of Europe was doing it back then when Britain had it’s empire. Not only that, every country you could go to tribes were killing each other for land. U.K. aren’t the only villains. Slaves are still used in many countries today. In fact I see videos online in Africa and South America of people bouncing bricks off heads and burning tyres on bodies all because someone stole some bread. But apparently the U.K. never had a morale compass 😂

What country has a moral compass? Ridiculous statement.

The intent isn't to enrich the average Brit. It is to enrich the British oligarchs at the expense of everyone, including morality.

Were you competing with Russian oligarchs for property? I don't think so, but the rich tax dodging English elite have been, which might explain why they hate Russians so much. They are making on that it is to do with Ukraine, but they hated them long before that.

I’m not sure the ultra high end property’s in London are affecting the price of a 3 bed semi in Milton Keynes. The problem is a lack of supply of decent quality affordable housing, that’s down to classic Tory policies.

@@edc1569 ...which will continue as long as property magnates 'donate' to the Tory party & its MPs.

Maybe not Milton Keynes, but try zones 3, 4, 5 and 6…

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Was surprised to see this title from FT, then saw from the description that they were going to just smear Russians. Just more war propaganda, not an actual look at the Wests house of cards finance system

Exactly the point! Dutch royal family have trusts on the channel islands. Accountants have their pensionfund there. All to evade taxes.

Better us get it than new york or paris.

Panama Papers!!!

@@sidesauce avoid or evade paying taxes. The end result is exactly the same

their

A dank can freeze your account without explanations for months - welcome to Britain and FCA regulatory. If someone transfer to you good sums of money on personal account, they could be suspicious.

laws are just for the poor dont cry and dont be poor lol

Yeah and thieves can keep billions

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slavery = dirty money

Britain can't really get rid of those islands, even though they would like to. Here are some examples: * The British have organised two independence referendums in wealthy Bermuda, but the locals voted against independence both times. *The Cayman Islands are similar to Bermuda, they are fully self governing and Britain has no power over them, but they would refuse independence, no matter how hard Britain pressured them. * Gibraltar is *functionally* independent, but they can't be a fully independent micro state like Andorra or Monaco because a 310 year old treaty says that if Britain gives up soverignty, Gib goes to Spain and the locals are strongly against that. * The Falklands are also functionally independent (except for defence) and are very rich with an average income 1.6 times the British average. But they can never be properly independent "because of the obvious military threat" as one of their politicians put it. * St Helena is too poor to survive without UK money and too remote from even despotic African dictatorships for the UK to give St Helena to any other country *About the only overseas territory Britain could have got rid off is Pitcairn Island (population 46). When Trump offered to buy Greenland from Denmark, if Britain had been quick they might have convinced the USA to take it to expand their territorial waters

No, that's New York.

@@Dave_Sisson You could fix the channel islands though.

@@Carewolf Yep, Channel Islands and Isle of Man are sort of semi autonomous, but if BOTH the Torries and Labour put pressure on them to clean up their act or lose visa free access to the UK, they would certainly comply.

Check "The spider's web: Britain's second empire".

'oligarchs' is just another name for mafia yeah

Don't hold your breath

everyone already knows about this. it just gives them the chance to bring up Russia again. you should read treasure island by Nicholas Shaxson

Man got it when he called aka Londonstan "Londongrad" because there the oligarchs have pumped so much money in London property that even the super rich of the UK have been priced out if the property market.

@Mol Ok some of them are living in Malaysia and 🇸🇬 Singapore.

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Too big to fail industries used for war that operate during peace time.

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That's the whole point this one so piece gives the impression the former evil racist British Empire are victims but they helped the US regime destroy the Soviet Union partly to transfer its wealth to London

When was that?

@@fuckbankers before the Romans arrived to be exact....lol and they only are seeing the Russians now because of the war. The rest are ok, what journalism is this ? The usual.

Poisoning the chinese with opium and then invading and looting that country. At one point in time more then half of all the gold in London was stolen from China. Then there is India. And the list goes on

Compared with?

Lol what country do you come from. I bet its some repressive arab country or india or something. You better check your own history of oppression before you throw the stone like alot of you people do.

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Spot on .

But those are 'good' dirty money, while russian are 'bad' dirty money.

shouldn't the focus be on the biggest source of dirty money? Sure, there might be some from Ecuador, but it's a tiny percentage.

@@JekaZMD well, Russia is the only one that says it wants to nuke London

Yeah, but don't you think that it's bit rich to call a Nazi-dominated kleptocracy like Ukraine a "democracy"?

Gulags. We need to send capitalist filth to an Island where they can’t hurt the poor anymore.

WE LOVE MONEY

@@a_very_british_perspective $£€ is The Holy Trinity. We Worship It.

@Phil - They’ve all known about it for decades. But the money was too good to start rocking the boat. It’s only the Ukrainian War that’s prompted action.

Yup, surprised as well. that's like a hundred luxury flats 😅

that's was the scheme, Thatcher decided to creat uncorrupted place which is save for foreign investments and it was good tactic.

you dont even have to industrialise or comodify everything.. we dont have to work everyone to death like we're constantly at war either.

And it should remain that way. Just because you or some so-called journalists don’t like it doesn’t mean the City of London should change or answer to you for the way they conduct their business.

@C Not so sure about bankrolling a national system with possible Russian blood money is a good argument here

@@prepperjonpnw6482 No worries - i am not even from your country. I guess that makes seeing the obvious a bit easier and from your reaction it looks like the finger was put into the right wound

The city of London where mafia rules rule.

It's not just the city of london. All the overseas territories and crown dependencies have become huge tax havens and hubs for moving around dirty money. Being such an old country we have a lot of ancient political anomalies that are easy to exploit for dodgy dealings.

these kind of productions take months of prep time, think about all the people interviewed it took at least one full 8hr day for each. ontop of keeping them all on subject.

They got the go ahead from the those in control to do it now

exactly- its so very good.

its

@@TinLeadHammer the last bastion of grammar here. Keep illuminating.

that video would be about 3 months long. lol

If you buy property thru an estate agent I think there are rules in place to try and prevent money laundering you have to declare where the money has come from

@@fredatlas4396 Not if it's an offshore subsidiary in a territory, instead of native soil. You weren't listening to the video where the real estate people were talking.

The follow up should start from royalty such as THE BANDIT QUEEN of england .

Not forgetting our respected educational institutions

london-stan? perdón? y qué tiene que ver tu anécdota?

Preservation of the laundromat has been a ‘side benefit’ of Brexit, sure, but it wasn’t mentioned in the prospectus. Nearly all big business in Britain was anti-Brexit. And nearly all the people who voted for it don’t have offshore bank accounts. Rather it was a reaction to big business taking Britain down a path that didn’t chime with the interests of the people themselves.

@@sirrathersplendid4825 Most Tory MP's have offshore a/c & certaily most busnesses. All the rich make use of Trust Funds. They conned the public - manufactuing consent - into voting against there own self interest..... again.

@@sirrathersplendid4825 I bet that people mostly who voted for Brexit had all other reasons, they believed the EU should be in charge of Britain, they believed that would be less of imigrants who are rivals and they trully believed that the UK economy would do better. What they were not told is that the UK would not be able to stay in EEA as Norway or Swiss. The were not told that more imigrants from Non-EU countries would come instead of Europeans. So technically a lot of losses, but the UK is not under EU law now.

@@discoboy8169 - Most people didn’t imagine the EU would be quite so vindictive towards the UK.

@@sirrathersplendid4825 Vindictive ? Why do you think so ? The EU has clear state rules. It was clear and easy to understand since the beginning. Everyone said this again and again. The UK can stay in the single market BUTth UK has to follow the rules. The EEA countries ALSO have to follow a the EU regulations.... Britain said, we don't want to Follow EU rules anymore. So the only solution was that the UK leaves the single market....

THIS^^^^^

They are singling out the Russians but what about the others?

👍

Yeah we've had the Panama Papers and subsequent Pandora Papers leaking many powerful politicians, heads of state, billionaire business owners with ties to money laundering & secret offshore accounts via the City of London. Papers that journalists got assasinated for. Sadly those investigations get drowned in the maelstrom of the 24 hour news cycle. There've also been several superb web-documentaries on the phenomenon of the City of London. Now FT seemingly only brings it up to single out Putin & Russina oligarchs

There have been quite a few articles over the years about it, some even in the FT. But just as the Russian invasion prompted the seizing of oligarch assets it has also forced businesses and politicians to examine how deep the oligarchs’ tentacles have inserted themselves into the City’s understructure.

What’s being naïve got to do with it? Don’t make out you’re better than everyone else because you know about things that most people don’t care about

Correctamundo 💯

So are you saying that having the City of London is actually beneficial to the U.K. as a whole? That it has kept our economy working even if it benefited some of the wealthiest people.

@@prepperjonpnw6482 Yes. The city of London basically props up the UK economy as a whole.

A thief believes that everyone steals.

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It is doing the same here in most of the US . . . disgusting.

It's the same in every developed country. Check what happens in Australia, Spain, Holland, UK... Governments welcome money from "international investors" and they start buying real estate making house inflation go up so the normal citizens can't compete. It's just humankind as always. Money and power are really appealling to some individuals. They do anything for that

A permanent living & housing obligation might be the solution ! 🤔

Add in uncontrolled immigration for years and it's no wonder property is scarce and hence exhorbitantly priced. Every decision governments have taken over the last 50 years has paved the way for this situation with property. I think if you could add up all the unoccupied properties in this country that are owned by foreign investors, it would be a shockingly high number. Middle Eastern, Russian, Chinese, African. And I imagine most of the wealth ill-gotten otherwise why the need to 'launder' it.

@@herenow6953 Okay, just a side-note to this comment: immigration has nothing to do with this thread about fraudulent investors ruining the property markets by injecting tainted money. There is also no clear link between immigration and ill-gotten gains. That's just xenophobic babble.

Might wanna look at your own country and how it’s basically owned by American tech company’s..That is not only shameless but pathetic

NO ACTION THOUGH!

@@oracle8589 owned? Pmsl 🤣 that's a new one! The Irish people own Ireland sonny, no one else I can assure you, especially no commercial entity or corporations!

"China-US tensions: A closer look at the Five-Eyes intelligence partnership / CGTN": kzfaq.info/get/bejne/fpyenqSHys3PYJs.html

@@oracle8589 As opposed to being a vassal to the US regime

Please enlighten us to the perfect country you come from and when you bother to type it, lets do a deep delve into the atrocitys that happened there.

Great documentary, I've watched it twice already. As long as Britain supports "offshore" banking nothing will change.

Very well said. You are absolutely spot on. The UK's hypocrisy is staggering.

100%

Just as was the case with the economic institution of slavery. Mafia don’t like it when you encroach on their trade.

And the UK never gets sanctioned by any of these authorities... whether it's FATF or another

Interesting... I must look into this.

Believe it or not nobody cares about Brazil enough to do something like that. Your not that important

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Well said....

Brazil is 90 times larger than Portugal and belongs to indigenous Native American people. Just saying.

That is one twisted and confused view of Brazil.

Did you know that Ukrainian oligarch Igor Kolomoisky finances Zelesny, Hunter Biden (Burisma), and the Azov Nazi-batallion? And, don't you think that it's bit rich to call a Nazi-dominated kleptocracy like Ukraine a "democracy"?

Correction..."Any self respecting oligarch steals that in a week."

@PGH Engineer Nonsense.

I'm trying to figure out between slavery, work houses and colonialism when the UK ever had a moral compass?

@@sidesauce yup, while locking little children inside workhouses, coal mines and factories

@@sidesauce Bravo for ending the transatlantic trafficking of human beings they pioneered I guess? That morality kept shining through when they compensated slave owners for their loss of property, a debt which was only settled this century (and in part by descendants of these same slaves).

By the Russians as well or other parties?

Canada too time to kick the establishment to the curb

@@jokerfrown Chinese

Would say it might be happening across a lot of the "stable developed economies", Australia, UK, Canada, New Zealand. Corrupt money will always attempt to seek out places to re-establish their legitimacy.

It's the buying up of farmland, water sources and critical infrastructure by international corporations that should have had bells ringing in Australia... It didn't though....

And they still do. America may have the largest military and spend the most money on it but Britain has a superior navy snd special forces team than the US. They have centuries of winning wars and all that experience where the US has never won a war by itself for that very reason, they can have all the money in the world but that can’t buy experience and the knowledge passed down by generations. During the Falklands all the US diplomats were saying there was no way Britain could go across the world and defeat Argentina in its back yard but they did it with the upmost ease it was never in doubt. If that was the US it would of ended a stalemate because they don’t know wtf they’re doing despite all the military training Britain has given them over the years they will always be inferior to daddy britain

@@oracle8589 Yeah right! And we won the second world war single handed.

@@oracle8589 the US navy is far far far, and I can’t stress this enough, far larger than the Royal Navy. There is absolutely no comparison these days I’m afraid.

@@alawesy What has size got to do with anything? Britain has always gone for quality over quantity in recent years and France were so impressed that they copied the model. The Royal Marines beat the Navy Seals in training exercises look it up if you don’t believe me. You seem to think that having the biggest economy means your the best at everything by default well your not. Money doesn’t buy intelligence or culture, something America is seriously lacking in

@@oracle8589 Size has a massive part to play in any conflict. Also helps that the 10 American carriers are far more capable than ours. Their destroyers also have more air defence capabilities than ours. Our Navy is good but it is limited in size and simply would not be able to defeat the US Navy in a war. If you think otherwise you’re deluded.

This is why Britain is so determined Germany must collapse its economy in a mick war with Russia and Germany has realised if they continue their economy will go into irreversible collapse.

Too many are being fed on taxes and fines. Average working class is losing everything, to the Ponzi scheme.

Your comment and resumé it’s really even more smart then entire video…. 👍

And now lack of investment in UK education, coupled with the extremely high cost of living, which has been left unchecked by successive governments, will set the UK economy back decades from a growth perspective. We have essentially let a small amount of investors extract massive amounts of wealth from the UK populous.

Our government isn't supposed to be funding private businesses, it's supposed to be funding public services. And it has been very busy since 2010, cutting funding for all public services including the NHS. The reason our gdp has been so low since 2010 is down to our tory government and their tory ideology and policies. They have been taking our rights away and suppressing wage growth, that's part of the reason our economy hasn't grown since 2010. Also they've been giving big tax cuts for big corporate businesses and the wealthy. And it's very clear to see this doesn't benefit the majority of us or drive the economy

whats the name of the ambassador?

With the devaluation of the GBP even Premier League football clubs have now become very attractive "investments" for those with funds to laund... sorry, invest!

Yes, Russia is pushing back against open borders Globalisation and now must be destroyed.

Your comment is most probably unjust, you may have noticed one of the contributors won a costly legal case against an oligarch. Patricia Hodge talked about persuading Cameron to act back in 2015. Did you watch the video?

Weak comment. Think about what your saying

Many of them were making profits from the ancillary parts of the inflow. Some were involved in preventing scrutiny or regulatory oversight of the phenomenon, as it was "part of doing business". Only now does it become a scramble to point fingers elsewhere.

@@kbram7363 weak attempt at deflection.

No, because frozen assets are still owned by their owners. As far as I know assets can only be confiscated if the owners are actually convicted criminals. All of those oligarchs will have full use of their property once sanctions are lifted. That might take a long time though.

@@MrBlaxjax So you have just stolen it and just a long time to take it away? Still theft.

@@MrBlaxjax No. They can also keep the money or give back whatever they "think" is an equivalent. Once Pakistan bought billions of dollars worth of weaponry from the US, and before the weapons were delivered, the US froze the transaction while keeping the payment. The US refused to give back the money (or the weapons); instead offered Pakistan an equivalent amount of soybeans (which were surplus production in US, about to be discarded).

@@tonycodolo well no. It's not theft. The property is still yours. Sanctions do absolutely restrict your ability to do anything much with your assets. You can live in your property, but you can't sell it. As for businesses...as far as I can see they are basically toast. The business isn't taken from the owner, but as far as I know the business can't really trade. Sanctions might seem unreasonable but they are carried out through a legal process. It's not theft mainly because there is no beneficiary. No one gains anything. If an oligarch's yacht is sanctioned by the us government, the government gains nothing. The yacht remains in the ownership of the oligarch. But the yacht cannot be sold and its movement would be restricted.

@@KatariaGujjar I'm mainly talking about sanctions placed on individual people. I don't really know that much about weapon sanctions between countries.

Britian banned the slave trade, fought against fascism, has invented more things than any other nation including the telephone, radio, nearly all modern sports, penicillin, cement, tooth brushes, world wide web, light bulbs... the list goes on. And has taken in more immigrants than any other nation apart from America.

It had one when it fought against Napoleon's French Empire, when it intervened in the Crimean War in 1854, when it fought against the Central Powers in the first World War, when it fought against the Third Reich in the second World War, when it fought in the Korean war against a mad dictator. I could go on but I won't.

well they did say COMPLETELY, meaning it doesnt have to be much in the first place

Britain profited from the transatlantic slave trade but then quite abruptly changed its mind about that and it became the predominant anti slaving power in the world. Sometimes you hit a tipping point.

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It doesn't seem to be touching the new hero of the west, does it? According to the Forbes 2022 report, within three years of being "elected" Zelensky has become the eighth richest politician *On the planet*. He has shares in Amazon, in Tesla, in Microsoft, In Alpha, and many other first-class companies. He earns more than 113 million dollars per month. He owns three private jets, five yachts and fifteen properties. Meanwhile the West confiscates the private property of russian businessmen, with their crime being that... they are russians.

Correctamundo 💯

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@@coachking5208 Yes-sir-ee! I was looking for a ‘how to’ guide (if I were an oligarch!)

It is high-quality propaganda, yes. There is a financial lockdown coming, and most people will welcome it.

This is the most sane answer here. You're absolutely right.

The original calculation was having these oligarchs vested in the custodian of their wealth would prevent them from taking risky ventures like engaging in unprovoked war . But that assessment did not go down well. But then these assets can be frozen and auctioned off if they can stand legally , and the money so obtained can be used to finance a loan for Ukraine to purchase arms. So not all is lost

Yes, you absolutely right. This has nothing to do with the war in Ukraine, in fact, this material has only appeared on air to further discredit Russia. At the beginning of the program they talk about Soviet Union corruption, but then the focus is only on Russia? Really? What happened to the rest 15 republics? Including Ukraine! Which is one of the most corrupt countries in the world. Somehow they forgot to mention Zelensky’s property portfolio in London, not to mention all the Ukrainian oligarchs with the same volume of assets. And they are talking about fighting for democracy? What a load of one sided rubbish.

to me it seemed like the video was also trying to make this point.

Yes so keep training Ukrainian troops and sending aid to Bandarites LOL. its worked GREAT so far.

Imagine having to treat the press like a toddler.

If you read the FT regularly you would know that the FT have always been reporting on this issue and always had a number of journalists who pointed out Londons Dirty Money. They have journalists who are on all sides of most debates. Thats what makes it a great paper.

courage, bollocks, they haven't told you 1/10 of the story, this is crap

"establishment"? Which government organization you think FT is a part of?

Not courage. Story well known and reported in FT over decades. FT is more about open, honest free trade for all - open capitalism, if you will. It sees ultra-rich deep power manipulation as toxic for wider wealth generation. I recently bought a board game, Anti-Monopoly, it is not the original Landlords Game. It poses two forms of capitalism: monopolistic wipe out all others and a scenario where traders have their ups and downs but nobody can achieve sole existence. FT is not, and never has been about hyper-money-power. But it has been naïve about how inadequate checks and balances have become in a 'let the market do its own monitoring' model

I support the current thing

Do an expose on yo mamma and her dirty money

Yes the neutral country🇨🇭and home to the BIS and the most corrupt banksters in the world.

NO! I won't have it Switzerland is perfect!!!!

It won't

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London is the money laundering capital of the world. Bar none. All those cities are far behind London.

No way London is the worst and Miami

If you look on KZfaq, you will see that she has been doing so in her job an MP, for years. But she's only 1 voice, and the Conservatives major donors come from the City of London. Realpolitik.

@@BigHenFor Yep, including 'cash for peerage' offers too.

Be wary though that all the money you state as chinese only arrives to canada by passing through london offshores ..... London owns china since the two great Opium Wars

Exactly, Toronto also.

this comment says 2 replies, but only one shows.............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

@@interesting7215 3 at this stage with this one 4 ... If its mine it's because my comment about london offshores got censored (which would not surprise me tbf)

Lookup the fentynl production. The majority of production and profits sre sourced to Mexico

😁

Pa fact

These so called journalist prostitutes don't have that much brains to figure out that they are benefiting from the same system they criticize like some wannabe smartasses. They should try to live the same freedom in Putin's russia and pretty soon they will be falling off their balconies! And its pretty rich all this coming out of FT - a newspaper whose editors know very well what system they are part of, that this whole video comes off as sham propaganda gimmick. If it weren't for all these services London offers, the problem is there are enough other similar hubs worldwide that offer the similar services and will take that money supply away - like Panama City , Geneva, Macau, Cyprus, Luxembourg etc .

Spot on

Define "These people" and whose money was "stolen"?

I’d love to know what actual occupancy rates are in, say, Kensington and Chelsea. Having once rented a tiny granny flat as a student in one of the wealthiest parts of Westminster, I suspect it’s less than 20%.

Oh yes..

You shouldn't be a fan of B1M, it's an advertising channel for projects and often shilling for various advertisers.

Vacant land is what Money laundering is😂

If you haven't seen it already watch a documentary "The Spider's Web: Britain's Second Empire". This clip is just sliding on the surface, the documentary is a real eye opener.

@@JerzyFeliksKlein No, I haven't, thank you🤝

and entirely blames Russia so yall get of guilt free LOL.

Source please

This is a lie 😂 the uk never joined the EU bank systems hence why they never took the Euro. This was worked out prior to the EU formation Fun fact - you lie with no evidence

Horseshit, the entire British elite were against Brexit and tried to undo it. It was the poorer people who wanted it as they were tired of feeling powerless. It was a vote against globalisation.

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@@a.k.a4785 do try this comment in a more appropriate place!

The UK is the home of liberalism, they took religion really seriously prior to this. Interesting how you started with the dark ages rather than the brutal Roman Empire, or the brutal Scandinavian invasions, or the brutal Norman invasions. Honestly, can you name me a single global power that has a consistent moral compass? Literally just one. I can portray any country as bad if I want to. Besides San Marino. They are literally just a little church.

@@XXXTENTAClON227 I always say same to people who saing that Russia always was bad, pretending all other countries, especially Western ones are just angels )) I just recently found that black slaves were sold in Africa by African countries, so they usually were enslaved their own local people and then sold. Vikings also were selling slaves. So many countries did that.

And mass immigration.

Only because the people selling property did what anyone would do and that is sell at the highest price they can. What should have been done is change the law so that either you had to be a citizen of the U.K. or limit the number of properties that can be owned by each foreigner and/or put a cap on the value of property foreigners can own in the U.K. So you say a foreigner can own property in London but only up to a certain amount such as £250,000 or £500,000. That would keep prices down where they should be and keep foreigners out of the more expensive areas which is where they want to be.

@@evolassunglasses4673 Today's ethnic Brits don't like to study STEM ( Science, Engineering & Math). They prefer to do Tic Tok videos & live under Mom's basement. Blame it on bad parenting.

Truth✔

Saudi Arabia owns most residential property in and around London