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British MPs urge global banks to close Russian offices ‘without delay’

TheGuardian

Labour’s Margaret Hodge says banks including Deutsche Bank, HSBC, JP Morgan and Credit Suisse have ‘moral duty’ to exit quickly MPs are urging major banks to shut their Moscow offices, after campaigners accused them of “quietly profiting” off their Russian operations while other industries sever ties with the country.

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UK’s defences against ‘dirty money’ overrun, say MPs

TheGuardian

UK now ‘jurisdiction of choice for dirty money’, cross-party group says as it launches economic crime manifesto The UK has become “the jurisdiction of choice for dirty money”, harming its national reputation and democratic institutions, a cross-party group of MPs have said as they urged a new government focus on money laundering and corruption.

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