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The mere fact the money comes from Russia makes it somewhat dirty. The cleanliness of money isn’t determined purely by your ability to produce documentation, ot
by avianlyric 5y ago
The mere fact the money comes from Russia makes it somewhat dirty. The cleanliness of money isn’t determined purely by your ability to produce documentation, otherwise it would be trivial to clean money.
Anti-money laundering experts will look a number of factors to determine how risky that money is. Large sums of money from Russia turning up in personal accounts is incredibly risky, and the knowledge that high levels of corruption exist in Russia means that forged documents are expected, so documentation will be viewed with high levels of scepticism.
Moving that money into property quickly starts to obfuscate the source of the money. Additionally property ownership laws in the UK make it very difficult to differentiate between property bought with dirty money vs clean money, but there’s are strong cultural expectation that property can be bought and sold quickly and easily. As a result it’s much easier to find banks and lawyers that are happy to overlook slightly dodgy aspects of your property trade, because they’re common in property deals and may exist for large number of legitimate reasons.
Additionally you can take advantage of the fact that the UK is seen as high trust country with low levels of corruption. So it’s much easier to sell property to people in rest of the west without much detailed scrutiny.