Mortgage Strategy – Register to flush out ‘dirty money’ property wealth goes live

A new government register to flush out corrupt oligarchs and criminals laundering money through UK property goes live today and will carry penalties of up to five years in prison for those who flout its rules.

Read the full story here.

By The Armalytix Team — 1 August 22
Related
Financial Services Legal & Property — 29.07.22
Property Investor Today – Q&A – how big a problem is dodgy money in London?

The issue of money laundering and questionable money flowing through the UK property market, especially London, has had a light shone on it more than ever by the war in Ukraine. Here, we chat to Tom Lyes, Head of Legal and Property at Armalytix, about dirty money, Buy to Leave, overseas investment and Open Banking's role in cleaning up the market.

Read more
Legal & Property — 1.08.22
Register of Overseas Entities – what does it mean for conveyancers?

The implementation of a Register of Overseas Entities (ROE) will help law firms tackle the opaque nature of foreign ownership and support efforts to tackle money laundering in the UK property market, says Mike Ward, Executive Chairman of Armalytix on the latest Today’s Conveyancer Podcast

Read more

Get started today

Armalytix is the answer for the brightest and best law and accountancy firms. If you need to collect specific financial information about your individual or business clients, our award-winning services give you exactly what you need to get the job done.

Find out more