National Crime Agency
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Latest property news
Criminal sub-letter linked to cannabis farms jailed for seven years
Chinese national and illegal immigrant Feng Xu ran an empire of 446 properties that he sub-let to criminal gangs running brothels and cannabis farms.
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Latest property news
Number of money laundering SARs made by estate agents drops
Although number of Suspicious Activity Reports increased across all industries, agents made 10.5% fewer reports to the NCA.
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Crime
Criminal family surrender 16 properties worth £8.1 million after investigation
In one of the UK's extraordinary proceeds of crime recovery cases, the National Crime Agency has persuaded the Davies family to surrender the assets.
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Crime
Ministers mull forcing agents to hand over dirty money client details
Brandon Lewis says he may use US-style 'targeted orders' to force agents to provide key details about vendors and buyers suspected of money laundering.
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Crime
Crime agency freezes £3.2 million property assets of woman linked to organised crime
Unnamed individual is said to have links to organised crime including the smuggling of cigarettes and must now explain how she paid for six properties in London and Northern Ireland.
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Features
Why do so few agents file Suspicious Activity Reports?
Nigel Lewis looks at the background to anti-money laundering and the property industry.
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Latest property news
Clampdown on money laundering via property ramps up in London
The owners of three more properties bought for £80m in central London must now explain where their money came from or face having them confiscated.
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Latest property news
Estate agents heavily criticised by MPs within parliamentary report on AML
Report form Treasury Select Committee says agents are weakest link in fighting AML after hearing from NAEA Propertymark and National Crime Agency.
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Latest property news
Corruption activists say UK crime agency should investigate estate agency in Filat case
Estate agent that took £390,000 advanced rent for London flat from son of jailed former Moldavian Prime Minister should be quizzed, says Global Witness.
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Anti-money laundering
Comment: the property industry needs to do more
The Government’s Flag It Up campaign has made it clear that estate agents need to be equip themselves to spot the ‘red flags’ of attempted money laundering and report suspicious activity.
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