David Cameron will call for an end to corrupt property dealing during Singapore visit

David Cameron will call for an end to corrupt property dealing during Singapore visit

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Social Studies

University

Hard

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The Prime Minister's main focus is on tackling illicit financial flows into British property, particularly from foreign companies. He has been announcing measures to combat corruption for two years, emphasizing the need for clean money in the UK. The influx of dirty money is believed to be distorting the property market, driving up prices, and making areas like Westminster and Kensington unaffordable for many Londoners. The government plans to increase transparency by publishing information on property owned by foreign companies and consulting on further measures. Estate agents face challenges in identifying suspicious funds from overseas. The PM chose Singapore, known for its anti-corruption efforts, to announce these initiatives.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the Prime Minister's priority regarding illicit financial flows into British property?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How does the Prime Minister plan to ensure that investments in the UK are 'clean money'?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What measures are being taken to increase transparency in property ownership by foreign companies?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What challenges do estate agents face when reporting suspicious activity regarding the source of funds?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

Why was Singapore chosen as the location for the Prime Minister's announcement on combating corrupt money?

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