RICS: Money laundering & property

The following article from RICS was quite an interesting read on money laundering and the UK property market. It explains a little bit about the draft ‘Registration of Overseas Entities’ bill, published in July 2018 and how this could help tackle the problem of overseas money laundering in the UK property market. The establishment of a register of overseas owners of property is welcomed by many, but there is a fine balance between acting against money laundering and keeping the UK an attractive proposition for overseas investment. You can read the full article here.