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Reuters
Reuters
Business
Elizabeth Piper and Andrew MacAskill

Britain sets out 'dirty money' crackdown, wants to hobble Russia's Putin

FILE PHOTO: Russian President Vladimir Putin attends a meeting with Governor of Saint Petersburg Alexander Beglov in Moscow, Russia March 1, 2022. Sputnik/Alexey Nikolskyi/Kremlin via REUTERS

Britain set out ways it would crack down on "dirty money" on Monday, introducing new legislation to "hobble" Russian President Vladimir Putin by making it more difficult for those close to him to use London as their playground.

The much-delayed Economic Crime Bill comes as lawmakers from across the political spectrum call on the government to do more to stop the flow of Russian cash into London, dubbed by some as "Londongrad", in response to Putin's invasion of Ukraine.

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