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New calls to clean up London ‘laundromat’ and sever foreign ties

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City bankers, lawyers and lob­by­ists in sights of MPs cam­paign­ing to reduce over­seas influ­ence in UK

City bankers, lawyers and lob­by­ists face the threat of tougher reg­u­la­tions as rev­e­la­tions about Russian inter­fer­ence in British pol­i­tics renew scruti­ny on London’s links to dirty mon­ey and for­eign polit­i­cal influ­ence.

Senior politi­cians are call­ing for a cleanup of the legal, account­ing, prop­er­ty and pub­lic rela­tions indus­tries ­alleged to be part of a London “laun­dro­mat”. The steps could include a new law forc­ing firms to pub­licly dis­close work car­ried out for for­eign gov­ern­ments or polit­i­cal­ly con­nect­ed actors, sim­i­lar to laws in the US and a 2018 Australian law to tack­le Chinese polit­i­cal influ­ence.

Bob Seely, a Conservative MP and mem­ber of the for­eign affairs select com­mit­tee, said sim­i­lar rules are ­urgent­ly need­ed in Britain “because the UK is an influ­ence peddler’s par­adise”. Doing noth­ing would under­mine not only the UK’s val­ues, but its econ­o­my because “bad mon­ey often dri­ves out good”

Full arti­cle Telegraph

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