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Up to £464m ‘moved through more than 3,000 UK high street shell companies’
BusinessThe Guardian24 Aug, 06:45 pmAtlasHour
Business

Up to £464m ‘moved through more than 3,000 UK high street shell companies’

Research shows firms are branded as beauty and convenience but apparently operate in money-laundering and terrorist financing sectors Up to £464m has “moved through” more than 3,000 UK shell companies branded as beauty and convenience stores but apparently operating in the money-laundering and terrorist financing sectors, a new analysis sets out. The companies – listed as hairdressers, barber shops and salons, on the one hand, or mini-marts and corner shops on the other – show “remarkably similar lifespans” of about six months despite their seemingly different purposes...

Source-linkedAtlasHour DeskThe Guardian24 Aug, 06:45 pm

What happened

Research shows firms are branded as beauty and convenience but apparently operate in money-laundering and terrorist financing sectors Up to £464m has “moved through” more than 3,000 UK shell companies branded as beauty and convenience stores but apparently operating in the money-laundering and terrorist financing sectors, a new analysis sets out.

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