Scottish Tories defeat anti-money-laundering measure aimed at shutting down the Russian oligarch-Scotland pipeline

The Scottish Limited Partnership is a notorious financial secrecy vehicle that's been used to launder at least $80 billion, mostly from oligarchs and organised crime figures from the former USSR, in only four years.

Pending legislation is taking some modest steps to kerb the use of SLPs for money-laundering, but the Scottish National Party tried to get more immediate action with an amendment to quicker legislation that would require at least one partner in SLPs to have a UK bank account, which was defeated 314 to 301, with 13 Scottish Tories voting against the measure.

(via Naked Capitalism)

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