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James Walsh
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my expertise in the industry

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James Walsh

From: James Walsh 08 October 2018 08:52 AM

James Walsh
London agents loudly defending their narrow commercial interests should perhaps pause for breath. Even before Salisbury, but especially following it, there has been a sea change in opinion on the desirablity of allowing London property to launder money. The vast majority of the country see that this confers absolutely no benefit to the country at all, as almost all of it goes into bidding up existing properties. The only winners are the agents and accountants who facilitate it. But I would advise caution. The Danske Bank story is only just getting going. €200 billion of Russian money was laundered through that bank. And let's remember how this money is generated: prostitution, drugs, arms dealing and frauds committed online against British citizens. This money all went into Estonia and then out again. The FT today asks: where did the money go? Well I hope I am wrong, but I suspect that some people reading this thread know exactly where it went. And as the investigators and journalists pursue it (as I know they are doing), I would pretty concerned if I felt that any of it had passed through my client account. Like the expenses scandal and so many others, these things have a habit of laying dormant for ages and then exploding into a massive crisis with people being prosecuted etc. So calls for a "relaxation" in non-resident ownership of UK property with no questions asked are doing huge harm - in my opinion - to the reputation of our professional. And are about as far away from public opinion as you can get.

From: James Walsh 03 October 2018 09:12 AM

James Walsh

From: James Walsh 30 September 2018 12:30 PM

James Walsh

From: James Walsh 17 July 2018 15:12 PM

James Walsh

From: James Walsh 11 July 2018 08:03 AM

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