Committees

Proceeds of crime inquiry

Inquiry

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


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.

Upcoming events

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Past events

Tuesday 24 May 2016
3:00pm Public
Proceeds of crime inquiry - Oral evidence 24 May 2016
The Grimond Room, Portcullis House
Tuesday 3 May 2016
2:15pm Public
Proceeds of crime inquiry - Oral evidence 3 May 2016
The Grimond Room, Portcullis House
Tuesday 8 March 2016
2:15pm Public
Proceeds of crime inquiry - Oral evidence 8 March 2016
The Grimond Room, Portcullis House

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