UK: 32% Of Money Laundering Alerts Involve Residential Conveyancing


February 13, 2018

New research has revealed that nearly a third of suspected anti-money laundering infringements reported to the National Crime Agency have involved property deals.

According to Fortytwo Data analysis of Solicitors Regulation Authority figures, 32% of ‘Suspicious Activity Reports’ alerts have concerned residential conveyancing during the last three financial years.

This proportion is the most significant by a considerable margin, with commercial conveyancing at 4% in second place.