Estate agents especially reluctant to report suspicious financial activity
Businesses involved in handling cash and transactions in the UK are obliged to report suspicious activity to the National Crime Agency. Given how much supposedly dirty Russian money is allegedly flowing around the London property market, one might have expected estate agents to make up a large proportion of these so-called Suspicious Activity Reports (SARs). In fact, it turns out that estate agents accounted, last year, for the lowest proportion of SARs in the country.
Full report is available here. Hat-tip to Robert Barrington of Transparency International.