Money laundering – how vulnerable are you?

16

December 4 2018

Fraud, in its many guises, is a scourge of the industry at the moment, with consumers being seen as particularly vulnerable in falling victim to fraudsters when transferring large sums during the property purchasing process.

However, businesses involved in property are also at risk of becoming a target as criminals seek to ‘cleanse’ the proceeds of their crimes. But are too many professionals guilty of thinking that it “wouldn’t happen to me”? When, in reality, criminals are reliant on the skills of professionals to profit from their crimes and are adept at disguising their endeavours to give the illusion of legitimacy.