Northern Ireland vulnerable to Russian money laundering
Russians looking to launder money in the UK would have the easiest time in Northern Ireland, anti-money laundering firm SmartSearch has warned.
SmartSearch
Property firms failing to detect criminal “ghosts”
More than half (54%) of property firms are failing to carry out crucial “ghost-buster” checks on new business clients, research from SmartSearch shows.
Foreign investment into UK property plummeting
An estimated total of just £3.3bn has been paid for properties across the UK since January, compared to around £9.4bn in 2020 and £16.6bn in 2019.
Overseas buyer activity plummets for second year running
In 2019 investors purchased £16.6bn of UK property, but this fell by 58% in 2020 to £9.4bn, and by a further 65% to £3.3bn in 2021.
SmartSearch urges UK to band with the EU to fight money laundering
RegTech specialist SmartSearch has warned that the UK could be left behind in the fight against money laundering and financial fraud unless it coordinates…
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‘Don’t rush anti-money laundering checks to beat stamp duty deadline
Buyers haves been warned not to rush through anti-money laundering checks in order to beat the stamp duty holiday deadline at the end of…
SmartSearch enters holiday let sector
Anti-money laundering provider SmartSearch has entered non-regulated sectors, like holiday lets, with a solution called Smart One. The solution can be integrated with existing…
FATF chief: Finance professionals need to do more to stop criminals
Financial criminals are getting away with their crimes because the industry is failing to work together to stop them in their tracks, said Dr…
