London property’s role in laundering

The Times’ Helen Davies reflects on the part property plays in money laundering, with the National Crime Agency saying the London market is a particular target for those looking to invest the proceeds of international corruption. Ms Davies suggests some of the capital’s most expensive addresses will be linked to those named in the Paradise Papers and notes analysis of Land Registry data by Transparency International UK, Who Owns England? and Global Witness which shows 86,397 properties in England and Wales are owned by companies registered in offshore tax havens.

The Sunday Times, Home, Page: 4

Posted 12/11/2017