U.K. Property Market Attracts Corrupt Assets

The booming U.K. property market may be serving as a safe haven for corrupt assets, according to a recent report by the U.K. chapter of watchdog Transparency International.  It found that the volume of property registered to anonymous companies is a “major barrier” to U.K. law enforcement investigations and interferes with effective money laundering diligence and compliance with international sanctions.  See also “Eye-Opening Report Helps Companies Tackle European Corruption Risks” (Mar. 19, 2014).

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