Property Investor Today – Open Banking – could it solve the UK’s money laundering problem?

With Russia yesterday launching a full-scale invasion into Ukraine, it’s likely that the UK and other Western countries will announce further sanctions against the country and people with known links to Russian president Vladimir Putin.

However, how hard these sanctions will hit Russia remains to be seen as the UK property market is ‘a hotbed of Russian money laundering’.

Here, Richard McCall, chief executive and co-founder at Open Banking experts Armalytix, explores how Open Banking could help solve the UK’s long-established money laundering problem – which is at its most rife in London.

Read the full article here.

By The Armalytix Team — 25 February 22

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