Lack of hard evidence of money laundering doesn’t mean the City is clean

NetSpend, Wells Fargo And PayPal
NetSpend, Wells Fargo And PayPal

Th e City of London is a cesspit of amoral financiers whose fingers are as dipped in blood as they are in gold and who are running rings around the authorities. OK, I’m paraphrasing, but that seems to be the consensus.

“Hundreds of billions of dollars of criminal money almost certainly continue to be laundered through UK banks each year,” the National Crime Agency says. London bankers can turn a blind eye “because there aren’t corpses on the street”, according to Roberto Saviano, the author who exposed the Neapolitan mafia in his bestseller Gomorrah. The dead, he says, are on the…

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