Special report by PEOPLE’S WORLD
Greed and corruption behind a veneer of respectability
STEVEN WALKER takes a look at the squalid – and sometimes criminal – dealings of the City of London
LONDON is now officially designated as the money-laundering capital of the world, according to the United Nations office on drugs and crime.
The list of corrupt banks named in recently leaked documents all have major offices or headquarters in the City of London financial sewer.
The latest revelations reveal a litany of illegal behaviour in a long line dating back to the Thatcher government’s deregulation of the City of London in the 1980s.
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