Posted by Tim Thomas | Partner
On 29th October 2019
Transparency International (TI) UK’s report into £300bn of suspect funds in London reveals farce of the recent Financial Action Task Force’s UK assessment. Today’s TI UK report reveals what everyone in the UK has known for years: that the UK and, in particular the London property market and private schools, are a magnet for the ‘washing’ of illicit funds. The numbers are still pretty staggering though, with 421 houses worth £5bn and money funnelled through 327 private schools.