The London Loophole
A unique loophole in London's banking system emerged in the 1950s, allowing banks to operate without strict regulations by using dollars instead of pounds. This environment attracted not only legitimate multinational corporations but also illicit funds from various sources, including criminals and dictators. The City of London effectively became a haven for those who could afford its fees, fostering an amoral culture that has persisted and intensified over the decades.In this clip
From this podcast
The Prof G Pod with Scott Galloway
How Money Laundering Took Over London — with Oliver Bullough
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