Family Offices and Dirty Money

Discussion in 'Wall St. News' started by dealmaker, Jul 31, 2019.

  1. dealmaker

    dealmaker

    Family Offices and Dirty Money


    In London, the wife of the former chairman of Azerbaijan's biggest bank—now in jail—is in court, facing questions about how the couple afforded their elaborate lifestyle, complete with a $14.3 million townhouse in Knightsbridge and shopping sprees at Harrods. She's being forced to do so under a new legal tool in the U.K. called an "unexplained wealth order," and the case is also raising questions about the tools used to allegedly launder the money: including "Swiss army knife"-style family offices. Bloomberg
     
    nooby_mcnoob and d08 like this.
  2. If it can't be heavily taxed it's ilgotton
     
  3. zdreg

    zdreg

    If not Brexit maybe this order will be the nail in the coffin for the Pound.