Amid pledges to crack down on Vladimir Putin’s network of Russian oligarchs, the United Kingdom’s Conservative government this week began advancing loophole-ridden transparency legislation purportedly designed to reduce secrecy in real estate and company registration. The government has also proposed broad deregulation of markets that have been used to launder illicit assets.

“There is no place for dirty money in the UK,” declared British prime minister Boris Johnson in a statement. “Those backing Putin have been put on notice: there will be nowhere to hide your ill-gotten gains.”

Left unmentioned, however, is that the UK — which has been led by Johnson’s Conservative Party for the past twelve years — has allowed that so-called dirty money to imperceptibly flood into the country’s financial system, all while Johnson’s party has been vacuuming in campaign cash from finance industry moguls and donors connected to Russian oligarchs.