Money Laundering – Drugs-Tainted Property Portfolio To Be Seized

Money Laundering – Drugs-Tainted Property Portfolio To Be Seized Drug dealers and other criminals have a tendency to launder their profits through the property market, often using family members as go-betweens. As one High Court case showed, however, the authorities are well equipped to deal with such tactics. The case concerned four residential properties that were held in the names of the wife, brother and sister-in-law of a man who had served prison sentences for smuggling heroin, conspiring to supply cocaine and money laundering. The National Crime Agency launched proceedings on the basis that the properties had been acquired, held and transferred between various family members who had no identifiable…