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'Kleptocracy tours' 35,000 London properties currently have unknown offshore owners.

More than 35,000 London properties currently have unknown offshore owners.  Curious sightseers have been flocking for tickets on a “kleptocracy tour” of London after a recent spate of publicity, hoping for a glimpse into the murky world of Russian oligarchs in the capital. But providing an insight into the lifestyles of the super-rich was never our purpose. Rather, the tour was designed to expose how billionaires from countries such as Russia, Ukraine and Kazakhstan have been allowed to buy London property with shady money and operate freely in our capital. Mega-rich homes tour puts spotlight on London's oligarchs.  More than 35,000 London properties have offshore owners, with no one knowing who they belong to or where the money came from. During a tour of the most opulent of these our “guides”, all prominent investigative journalists and money-laundering experts, explain the role of the so-called enablers – bankers, lawyers, agents – who facilitate the tra...

How BlockChain may solve fraud in Real Estate property industry #CRE

When a TV documentary from channel 4 aired early this year , it involved under cover reporters , emphasising london's property boom is partly being funded, by overseas buyers, laundering money. Two undercover reporters posed as unscrupulous Russian government official called “Boris” and his mistress “Nastya” whom he wanted to purchase an upmarket property in London for. The couple [featured in video below]– Russian anti-corruption campaigner Roman Borisovich and Ukrainian investigative reporter Natalia Sedletska – viewed five properties ranging in price from £3m to £15m, on the market with five different west London agents, in Kensington, Chelsea and Notting Hill. Despite being made aware they were dealing with ill-gotten gains, the estate agents agreed to continue with a potential purchase. In several instances the estate agents recommended law firms to help a buyer hide his identity. One estate agent named a “very, very good lawyer … the last person I ...