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Over £2.2bn of suspicious wealth tied to new-build UK properties
Original: property
Research reported by the Morning Star and The People's Daily finds more than £2.2bn of 'suspicious wealth' has been invested in new-build properties. The findings are drawing attention to the use of the UK property market, particularly newly built homes, for laundering illicit funds, renewing calls for tighter scrutiny of property buyers and greater ownership transparency.
Why now: Fresh research on illicit money flowing into UK property has just been published, prompting debate about money laundering in the housing market.
Morning StarThe People's DailyUK property market
Evidence
- More than £2.2bn of ‘suspicious wealth’ invested in new-build properties, research shows · Morning Star | The People’s Daily
Elsewhere
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