commercial real estate
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Estate agents must be aware of money laundering
- June 26, 2020
- Posted by: FCS Compliance
- Category: Anti-money laundering, News, Press coverage
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Covid-19 restrictions make due diligence difficult in property sales and purchases. As the UK housing market slowly returns to normal, the risk of money laundering to real estate has not diminished. In fact, there is a strong argument that the sector is more susceptible to money laundering than ever before. As Covid-19 restrictions took hold,
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How do criminals use commercial property to launder money?
- January 27, 2020
- Posted by: FCS Compliance
- Category: Anti-money laundering, News, Press coverage
When it comes to money laundering, London and residential property take the lion’s share of headlines, but making dirty money clean is an activity that is widespread across the UK, with prosecutions associated with commercial property common. More than £90bn is estimated to be laundered through the UK each year. Research from Transparency International, the
