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NEWS: Overseas Territories linked to £6bn in suspicious high-value UK property deals

Premium November 29, 2024
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NEWS: Australia strengthens AML oversight of real estate agents after warnings of ‘persistent exploitation’

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NEWS: Swiss private bank Lombard Odier charged with aggravated money laundering

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NEWS: Wise entered remediation plan in Europe over anti-money laundering controls – report

BY PAUL O’DONOGHUE, Senior Correspondent

NEARLY £6 billion in suspicious funds have been funneled through British Overseas Territories to buy UK properties since 2016, according to Transparency International UK (TI).

The non profit’s analysis identified 494 properties, valued at £5.9 billion, purchased via companies registered in these territories.

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NEWS: Australia strengthens AML oversight of real estate agents after warnings of ‘persistent exploitation’

 Premium

NEWS: Swiss private bank Lombard Odier charged with aggravated money laundering

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NEWS: Wise entered remediation plan in Europe over anti-money laundering controls – report

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