On 1 April 2014 HM Revenue & Customs (HMRC) took over from the Office of Fair Trading (OFT) as the regulator of residential and commercial estate agents for the purposes of anti-money laundering.   The final act of the OFT was to impose fines totaling £246,665 on three real-estate agents for “significant and widespread” anti-money […]

Whether based on hard fact or supposition, there is no ignoring the growing and unwelcome reputation of London as a global capital of money-laundering. Regardless of whether this is an effect of ‘circular reporting’ or the efforts of individual investigative journalists, there are repeated calls for the UK to clean up ‘the City’ and tackle […]