{"id":51736,"date":"2020-07-21T15:00:26","date_gmt":"2020-07-21T14:00:26","guid":{"rendered":"https:\/\/www.taxresearch.org.uk\/Blog\/?p=51736"},"modified":"2020-07-21T15:00:26","modified_gmt":"2020-07-21T14:00:26","slug":"lawyers-accountants-estate-agents-and-pr-professionals-have-played-a-role-promoting-the-nefarious-interests-of-the-russian-state","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2020\/07\/21\/lawyers-accountants-estate-agents-and-pr-professionals-have-played-a-role-promoting-the-nefarious-interests-of-the-russian-state\/","title":{"rendered":"Lawyers, accountants, estate agents and PR professionals have played a role …. promoting the nefarious interests of the Russian state"},"content":{"rendered":"

I offer this from today's Russia Report<\/a> from the Intelligence and Security Committee of Parliament:<\/p>\n

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49. Whilst the Russian elite have developed ties with a number of countries in recent years, it would appear that the UK has been viewed as a particularly favourable destination for Russian oligarchs and their money. It is widely recognised that the key to London\u2019s appeal was the exploitation of the UK\u2019s investor visa scheme, introduced in 1994, followed by the promotion of a light and limited touch to regulation, with London\u2019s strong capital and housing markets offering sound investment opportunities. The UK\u2019s rule of law and judicial system were also seen as a draw. The UK welcomed Russian money, and few questions \u2014 if any \u2014 were asked about the provenance of this considerable wealth. It appears that the UK Government at the time held the belief (more perhaps in hope than expectation) that developing links with major Russian companies would promote good governance by encouraging ethical and transparent practices, and the adoption of a law-based commercial environment.<\/p>\n

50. What is now clear is that it was in fact counter-productive, in that it offered ideal mechanisms by which illicit finance could be recycled through what has been referred to as the London \u2018laundromat\u2019. The money was also invested in extending patronage and building influence across a wide sphere of the British establishment \u2014 PR firms, charities, political interests, academia and cultural institutions were all willing beneficiaries of Russian money, contributing to a \u2018reputation laundering\u2019 process. In brief, Russian influence in the UK is \u2018the new normal\u2019, and there are a lot of Russians with very close links to Putin who are well integrated into the UK business and social scene, and accepted because of their wealth. This level of integration \u2014 in \u2018Londongrad\u2019 in particular \u2014 means that any measures now being taken by the Government are not preventative but rather constitute damage limitation.<\/p>\n

51. It is not just the oligarchs either: the arrival of Russian money resulted in a growth industry of enablers \u2014 individuals and organisations who manage and lobby for the Russian elite in the UK. Lawyers, accountants, estate agents and PR professionals have played a role, wittingly or unwittingly, in the extension of Russian influence which is often linked to promoting the nefarious interests of the Russian state.<\/strong> A large private security industry has developed in the UK to service the needs of the Russian elite, in which British companies protect the oligarchs and their families, seek kompromat56 on competitors, and on occasion help launder money through offshore shell companies and fabricate \u2018due diligence\u2019 reports, while lawyers provide litigation support. William Browder told the Committee that:<\/p>\n

\"Russian state interests, working in conjunction with and through criminal private interests, set up a \u2018buffer\u2019 of Westerners who become de facto Russian state agents, many unwittingly, but others with a reason to know exactly what they are doing and for whom. As a result, UK actors have to deal with Russian criminal interests masked as state interests, and Russian state interests masked by their Western agents.\"<\/p>\n<\/blockquote>\n

I only added the emphasis. Do I need to say more?<\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

I offer this from today’s Russia Report from the Intelligence and Security Committee of Parliament: 49. Whilst the Russian elite have developed ties with a
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