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Hide, park: Russian money in London

The Intelligence from The Economist

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The Eroding of Moral Standards in the Legal System

Britain's legal system has always been tilted in favour of those with more resources. But now it's being pushed further out of kilto through the allure of cash from oligarchs and cleptocrats who should fail any reasonable duediligence test. The richest russian clients will pay more than double the going rate for top solicitors, which is around 500 pounds an hour. So what's the way forward? How to rid london of more of its dirty money? Well one way forward is to bring in new laws. We also need to see higher penalties,. And it will also take political will, i think.

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