{"id":19786,"date":"2016-07-15T06:01:24","date_gmt":"2016-07-14T23:01:24","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/mps-decry-failed-effort-to-stop-uk-property-money-laundering\/"},"modified":"2016-07-15T06:09:16","modified_gmt":"2016-07-14T23:09:16","slug":"mps-decry-failed-effort-to-stop-uk-property-money-laundering","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mps-decry-failed-effort-to-stop-uk-property-money-laundering\/","title":{"rendered":"MPs decry 'failed' effort to stop UK property money laundering"},"content":{"rendered":"


\nCommittee says \u00a3100bn is being laundered each year and its chairman says system for tackling problem is \u2018futile and impotent\u2019Government attempts to stop the UK property market being exploited by international money launderers are \u201ctotally inadequate\u201d and the country has instead \u201claid out a welcome mat\u201d to criminals, the House of Commons home affairs committee has said.The influential panel of MPs, chaired by the Labour backbencher Keith Vaz, said it was disgraceful that at least \u00a3100bn was being laundered through the UK every year and astonishing that just 335 out of 1.2m property transactions last year were deemed to be suspicious by law enforcement officials. Continue reading…
\n
\nSource : theguardian.com
\nRead more…MPs decry ‘failed’ effort to stop UK property money laundering<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Committee says \u00a3100bn is being laundered each year and its chairman says system for tackling...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-19786","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-598","jetpack-related-posts":[{"id":107299,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/patch-holes-in-property-register-implement-it-quickly-to-halt-us115-billion-in-yearly-money-laundering-uk-government-told\/","url_meta":{"origin":19786,"position":0},"title":"Patch holes in property register, implement it quickly to halt US$115 billion in yearly money laundering, UK government told","date":"May 20, 2019","format":false,"excerpt":"\r Proposals for the first register of foreign-owned property aimed at preventing \u201cMcMafia-style\u201d money laundering should be put in practice urgently and reinforced to plug potential loopholes, the UK government has been told.Draft legislation contains insufficient verification checks to deter criminals from submitting false information and could allow those exploiting\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":93425,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-fight-against-money-laundering-is-fragmented-and-overwhelmed-mps-told\/","url_meta":{"origin":19786,"position":1},"title":"UK fight against money laundering is fragmented and overwhelmed, MPs told","date":"July 9, 2018","format":false,"excerpt":"\r \r \r Source : telegraph.co.uk\r Read more...UK fight against money laundering is fragmented and overwhelmed, MPs told","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":126685,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cross-party-mps-call-for-more-action-on-money-laundering-and-corruption\/","url_meta":{"origin":19786,"position":2},"title":"Cross-party MPs call for more action on money laundering and corruption","date":"May 12, 2022","format":false,"excerpt":"\r UK is now \u2018the jurisdiction of choice for dirty money\u2019, warns parliamentary group as it launches economic crime manifestoThe UK has become \u201cthe jurisdiction of choice for dirty money\u201d, harming both its national reputation and democratic institutions, a cross-party group of MPs has warned as they urged a new\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":107279,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-property-register-needed-urgently-to-stop-money-laundering\/","url_meta":{"origin":19786,"position":3},"title":"UK property register 'needed urgently' to stop money laundering","date":"May 20, 2019","format":false,"excerpt":"\r MPs and peers say plans for register of foreign-owned property should not be delayedProposals for the first register of foreign-owned property aimed at preventing \u201cMcMafia-style\u201d money laundering should be put in practice urgently and reinforced to plug potential loopholes, the government has been told.Draft legislation contains insufficient verification checks\u2026","rel":"","context":"In "Property 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