Posts Tagged ‘money laundering’
Money Laundering in the Property Industry
Long gone are the days of slapping down on the table a wod of cash and expecting the estate agent to count it then hand you over the keys when purchasing a property. Who, what, where, when and why is most certainly the questions you will need to ask today and rightly so. Though it…
Read MoreInternational money launderers exploit UK property market.
Recent news articles are reporting that the UK property market is being exploited by international money launderers, Chairman of The Home Affairs Select Committee Keith Vaz reportedly said that £100bn was being laundered through the country every year. He further reportedly said “London is a centre for money laundering, and its standing as a global…
Read MoreHigh London house prices getting cut.
High value London property prices appear to be cooling down, recent research reveals that up to 40pc of houses for sale in some areas of the capital have had to cut their asking prices since coming to market, the price cuts are mainly in the centre, west and south-west of the city. The brakes may be…
Read MoreProperty market attracts laundered money.
A story that seems to have had its fair share of publicity over the last weekend is that of criminals buying into the London property market with money gained from illegal activities, this was highlighted by the National Crime Agency (NCA) This type of money laundering is one of a number of factors that is…
Read More“Money Laundering” concerns
Money laundering through the London Property Market is now such a concern that an early day motion has been sponsered through Parliament to deal with the matter. Primary sponsor is Mark Durkan, Social Democratic and Labour Party for the constituency of Foyle, in all 23 sponsors have signed up to this motion. The motion stated:…
Read MoreKnow your Money Laundering Red Flags
The term “Red Flag” originated during the days of gallant galleon combat where ships would signal their intent to engage each other in battle. Alas, those were simpler times. Criminals and scoundrels nowadays are unfortunately less forthright and you need to look for other signals that might be putting your business at risk. As I…
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