Naming of jailed banker’s wife sends warning as U.K. fights money laundering

The UK orders are “a big warning signal for those who want to stash assets or move funds through real estate,” said Sven Stumbauer, a managing director of the consultancy AlixPartners who works with financial institutions on anti-money-laundering compliance. “Real estate, in general, is not regulated like a financial institution,” he said.

11 October 2018