Warning that laundering of Kremlin-linked cash will be possible despite PM’s claim there is ‘nowhere to hide’
Russian oligarchs will be able to exploit legal loopholes around Britain’s art market to evade sanctions and launder money, experts have warned, despite Boris Johnson’s claim there will be “nowhere to hide” from a clampdown on Kremlin-linked wealth.
It comes as the Labour MP Chris Bryant warned that “valuable assets” are likely to be traded by supporters of Vladimir Putin, and called on Christie’s and Sotheby’s – the leading auction houses – to refuse to handle them.
