Reputation launderers, notably public relations agencies and law firms, are distorting the financial crime and sanctions risk profiles of kleptocratic regimes and oligarchs seeking to launder and protect their illicit gains according to academic and investigative researchers.

Banks can also be drawn into reputation laundering networks they say, not only in established financial centres with sophisticated networks such as London, New York and Dubai, but also those operating in Paris, Lisbon and Uzbekistan.

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