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ARTICLE · 01 APRIL 2015

Property Not Exempt From AML Checks

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How do you help ensure AML compliance in property transactions? The latest blog from our Anti-Money Laundering and Know Your Client expert looks at Transparency International's recent report on corrupt capital and UK property.

United KingdomReal Estate and Construction
Massimo Paolo Gentili
Massimo Paolo Gentili
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How do you help ensure AML compliance in property transactions? The latest blog from our Anti-Money Laundering and Know Your Client expert looks at Transparency International's recent report on corrupt capital and UK property. 

The political and legal assault on corruption follows a number of scandals and misbehaviour in much of Europe, and is a consequence of a society that is losing its patience. Some jurisdictions are a long way from being on track, even if they are well recognised as being among the world's top financial arenas.

In March 2015 Transparency International, a leading non-governmental anti-corruption organisation, published a quite impressive report on how corrupt capital is used to buy property in the UK.

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