I have done a few “hold your nose” consultancy gigs for an outfit that specialises in the entirely legal, if morally dubious, process, of importing the family of high net worth individuals on entrepreneurship visas - and laundering their money into the U.K.

I was approached in 2016, after I cashed out of my business, by an acquaintance from school who had spent a few years as a Tory MP, and was now using his barristers chambers to run this scheme. He was the head of chambers’ nephew, and is still considered their golden goose, because this stuff is seriously lucrative.

I’d provide a business plan, and would be the U.K. national director. They’d be the investor director from overseas. I assigned all reporting etc. over to the agency, so I was just producing business plans and providing a U.K. taxpayer’s identity.

They’d put in their money (as it’s an investment the burdens of UWOs and so-forth don’t apply, as it’s counted as a liability, not an asset), the government would match it, and they then come to Mayfair, pay themselves a salary for three years, do an annual R&D tax credit and get a nice big cheque from HMRC, and then wind the whole thing up when it “unexpectedly fails”.

I did two of these before I got cold feet. A Russian oligarch’s son, a Kazakh oligarch’s wife. Never met them, only found out their IDs after the companies were incorporated.

Whole damn thing stinks to high hell, but it’s essentially the intended purpose of the scheme.