The UK is widely recognised as the “money laundering capital of the world”, with as much as £90 billion of dirty money estimated to be laundered through the City of London each year. Much of this wealth has been stripped from some of the planet’s poorest countries by corrupt government officials and tax-dodging “businessmen”.

It is also widely accepted that a lot of this money finds its way into UK property, most notably the super-prime London residential market.

The 2020 Treasury and Home Office’s own national risk assessment of money laundering and terrorist financing states that “corrupt foreign elites continue to be attracted to the UK property market, especially in London, to disguise their corruption proceeds”.

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