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

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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