But the problem is that the boundaries of tax havens themselves can become very blurred. London is an international financial system that sees trilli… - Roberto Saviano

" "

But the problem is that the boundaries of tax havens themselves can become very blurred. London is an international financial system that sees trillions of dollars from all over the world go through it each year, and that offers the most sought after financial services. This alone would be enough to make this city a desired anchorage for those looking to launder and reinvest unlawful funds. But there is more; besides this, the British capital is at the heart of the world’s most important offshore system.

English
Collect this quote

About Roberto Saviano

(Italian: [roˈbɛrto saˈvjaːno]; Naples, September 22, 1979) is an Italian journalist, writer and essayist.

Also Known As

Alternative Names: R. Saviano Saviano, Roberto
Try QuoteGPT

Chat naturally about what you need. Each answer links back to real quotes with citations.

Related quotes. More quotes will automatically load as you scroll down, or you can use the load more buttons.

Additional quotes by Roberto Saviano

Have you ever asked yourselves why Mafias from all over the world are constantly opening restaurants, cafes or shops? Because this type of commercial activity has huge amounts of cash coming in. A Mafioso businessman’s number one priority is not to make money, but to hand out receipts in order to justify money that he already has. In Italy, where tax avoidance is extremely high, we know that when a shopkeeper is reluctant to give you a receipt he or she is almost definitely committing an offence, but almost definitely not a Mafioso. Businesses run by the Mafia will always give you a receipt. And the , in the years of the wavering ruble, safely stored away its money in London’s luxury homes, fuelling London’s property bubble with dirty money. The fictitious buying and selling of property is one of organised crime’s favourite ways of laundering money. ... This is how entire neighbourhoods in London are becoming unoccupied, turning into investments’ empty spaces. Money moves in, and people move out.

A fully-serviced tower block that is empty for most of the year, whilst most Londoners can barely find an affordable place to rent in London. Houses in London are not being used as homes, but as concrete safes, looking after (often laundered) money.

Try QuoteGPT

Chat naturally about what you need. Each answer links back to real quotes with citations.

If we were to ask which country is the most corrupt in the world, the first answer to come to mind would be dictated by the perceived level of corruption. Perhaps one might think of Mexico, of South American countries, of African countries, of the Middle East or Italy. But the most corrupt is the UK. It’s not a type of a corruption that concerns civil servants, policemen or mayors; it’s a type of a corruption that is consubstantial to economic system. The British economic system feeds itself on corruption. And in the midst of this, the and its citizens have not woken up to the plight that their country is going through. A plight greater than earthquakes, greater than terror attacks.

Loading...