New data shows London’s property boom is a money laundering horror

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April 9 2019

Money laundering has been pinpointed as a problem for the UK, with trillions of pounds thought to be sloshing through banks and properties. It has been pinpointed as a target for the government, with economic secretary to the Treasury John Glen saying that “money laundering regulation exists to help protect honest business, so anyone who flaunts the law should know that swift action will be taken.”

However, the perception of how swift and how meaningful that action is appears to differ from reality.