Home Affairs Committee

Proceeds of crime inquiry

Inquiry status Concluded

Report and Government Response published

Report published

The Home Affairs Committee says poor supervision and enforcement in the London property investment market are making a safe haven for laundering the proceeds of crime. It calls for much stronger supervision of agents, buyers and sellers. It also says that the key tool for detecting suspicious financial activity across the financial services sector and connected industries, such as real estate, is overloaded to the point of being "completely ineffective".

Government Response


Scope of the inquiry

The Home Affairs Committee looks into how effectively the measures introduced in the Proceeds of Crime Act 2002, to deprive criminals of any benefit from their crimes, are working. In particular, the inquiry assesses the operation of confiscation orders, which are the main mechanism through which this policy is implemented.

Proceeds of crime terms of reference

Publications

Read all transcripts, written evidence and other material related to the proceeds of crime inquiry.

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