Are you risking prosecution? Money laundering is a dirty business.

March 18, 2019

As I was browsing LinkedIn today I see a promoted post from the UK Home Office:

“Are you risking prosecution? Money laundering is a dirty business. Do your due diligence and submit a SAR if you are suspicious.”

As the lies and false promises flood out from our government relating to Brexit, we are still being reminded of what many of us had naively voted them in for – tidying up the illegal practises and dealings, especially within business.

Kicking out any bad practises within the UK property industry I at least put my hands up to support, no matter who the government is, and it seems the government are investing in helping towards this cause.

The official gov.uk website shares:

“Criminals employ a range of techniques to clean their “dirty money”. Professionals working in the accountancy, legal and property sectors are being targeted  because of their expert skills and services (National Risk Assessment 2017), which can give a cloak of legitimacy to illicit cash. This gives professionals a crucial role to play in protecting the UK’s economy, and wider society by reporting suspicious activity.”

 

Christopher Walkey

Founder of Estate Agent Networking. Internationally invited speaker on how to build online target audiences using Social Media. Writes about UK property prices, housing, politics and affordable homes.

You May Also Enjoy

Breaking News

Before You Sign: 10 Things Home Movers Wish They Knew

Almost three quarters of home movers wish they knew more before making or accepting an offer as property professionals call for reform Almost three quarters (73%) of people who have recently bought or sold a home wish they had known more about the property or its location before making or accepting an offer, according to…
Read More →
Breaking News

Property expert warns homeowners to lock in amid mortgage rates uncertainty

With mortgage rates fluctuating and threatening to rise, homeowners hoping for cheaper borrowing in 2027 are being warned against delaying their mortgage plans if they’re anticipating lower rates According to Moneyfacts, the average five-year fixed mortgage rate has now reached 6% in October, the highest level in around three years, while the average two-year fixed…
Read More →
mycelium growth
Breaking News

Damp and mould online searches rise by 34%

The latest research from Inventory Base shows that search interest in damp and mould has increased by 34.2% in the latest two-month comparison, while searches for damp have risen by 29.1% and mould by 16.8%. The analysis of Google search interest trends* found that searches for “damp and mould” rose from an average search interest…
Read More →
Rightmove logo
Breaking News

Nearly two-thirds of movers want homes that generate their own energy

Neary two-thirds of movers (63%) want their home to generate most or all of its own energy More than half, 53%, say recent energy-price rises have increased their interest in solar panels and home battery storage Just 8% would prefer to remain fully reliant on the grid Since 2022, mentions of heat pumps in newly…
Read More →
Breaking News

Renters’ Rights Act: A review of the first six months

Ahead of the Renters’ Rights Act (RRA) coming into force on May 1st, there were many concerns across the industry. Landlords were probably most worried about the removal of section 21 and fixed-term tenancies, fearing it would be harder and take longer to remove troublesome tenants and regain possession of their properties. Widespread predictions were…
Read More →
Breaking News

Private rent and house prices, UK: October 2026

Average UK monthly private rent increased by 3.8%, to £1,406, in the 12 months to September 2026 (provisional estimate); this annual growth rate is unchanged from the 12 months to August 2026. Average rents increased to £1,466 (4.0%) in England, £848 (4.1%) in Wales, and £1,011 (0.7%) in Scotland, in the 12 months to September…
Read More →