The Negotiator – How to combat dirty money in the UK property market

Over the past few weeks, the shadowy side of the real estate world has been brought to the forefront.

It was reported that an Azeri tycoon used dirty money to acquire a £50 million property empire in London and a former Bangladeshi land minister in the UK has quietly amassed over 350 properties, totalling nearly £200 million.

These incidents raise significant questions about how effectively we monitor foreign money entering the market. These were sophisticated schemes but there’s no doubt conveyancers, estate agents and lenders will need to be increasingly vigilant to do their part in preventing money laundering.

Read the full story here.

By The Armalytix Team — 13 March 24

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