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Luxury London homes still used to launder illicit funds, says report

National Crime Agency steps up investigations into suspect funds flooding into UK

Luxury London homes are an “attractive method to launder illicit funds”, a government report has said as the National Crime Agency steps up its McMafia-style “dirty money” investigations into suspect funds flooding into the country.

The national risk assessment of money laundering and terrorist financing 2020 has upgraded the risk level for the sector, saying: “Corrupt foreign elites continue to be attracted to the UK property market, especially in London, to disguise their corruption proceeds.”

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