Finance Monthly. Bus i ne s s & Economy 27 Purchasing property in the UK is a common method used by serious organised criminals to launder the proceeds of criminal activity. The sheer size of the property market in the UK and the high value of property assets means that extremely large amounts of criminal funds can be “cleaned” in a single transaction. Joy Ighade, Founder and CEO of Alexander Jon Compliance Consultancy, which specialises in financial regulation, general compliance, and financial crime, gives her thoughts on why money laundering is so prevalent in the UK property industry and what steps it can take to tackle it. HOWTO MANAGE AML COMPLIANCE IN THE PROPERTY SECTOR Joy Ighade Founder and CEO of Alexander Jon Compliance Consultancy
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