I thought this was common knowledge. Private Eye had a good write up on some similarly egregious practices a couple of years back: <a href="https:&#x2F;&#x2F;www.thebureauinvestigates.com&#x2F;2012&#x2F;08&#x2F;09&#x2F;london-is-the-global-capital-of-money-laundering&#x2F;" rel="nofollow">https:&#x2F;&#x2F;www.thebureauinvestigates.com&#x2F;2012&#x2F;08&#x2F;09&#x2F;london-is-t...</a><p>I wonder how long until the banking industry gets the disrupt it so desperately needs.