Come clean if it's dirty money

Article Abstract:

Property professionals must ensure they inform the authorities if they are concerned money laundering may be taking place in their company. A sentence of no more than 14 years imprisonment and a fine can be the result of using money from criminal sources in a legitimate business. The property investment market has become an outlet for money laundering activities. Property professionals must endeavour to keep detailed records of financial matters between their firm and a client. The police suggested some 4 billion pounds sterling worth of money laundering occurred in London during 1995.

Investment Offices, Investment Companies, Open-End Investment Funds, Police Protection, Crimes NEC, Analysis, Finance, Crime, Money laundering, Crime prevention

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Restrained behaviour

Article Abstract:

The UK Lands Tribunal Act 1949 gave the right to consider changes or a complete discharge of restrictive covenants to the Lands Tribunal. Occasionally the Lands Tribunal will be forced to act as a planning authority, when deciding if a covenant should be discharged. The legal concept of restrictive covenant was first applied to English land law in 1848. Changes to the law in 1926 brought in the legal requirement of all restrictive covenants having to be registered with the Land Registry, in order to make them applicable to all future purchasers.

Interpretation and construction, Cases, Laws, regulations and rules, Land law, Real covenants, United Kingdom. Lands Tribunal

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