• April 2017
    "Dirty Money" - what is money laundering?

    Money Laundering is when proceeds of crime, being an illegal activity, are used to purchase property or goods in order to make the money turn legally clean.  This can be by way of purchasing a property which involves moving the money through a solicitor’s client account.

    There have been many cases recently where “dirty” money obtained from crimes has been “cleaned” through buying properties. As legal advisers we are required to ensure that all the money we receive into our client account is from a legitimate source, and to make enquiries if we have any doubts.

    This is why solicitors ask so many questions as to where the money for the purchase of a new home has come from.  At a time of great excitement and expectation for the client when moving house, our enquiries can lead to frustration and annoyance.

    The standard client answer of, “Do I look like a money launderer?” will not do.   The mere supplying of bank statements is not enough. We are required to check where your funds have come from whether it be savings, proceeds from the sale of a property, an inheritance or a gift. Whatever information you have which shows where your money has come from in order to fund your purchase we will need to see.  We are not here to trip you up, or catch you out, but are here to assist and ensure that your matter runs smoothly. If you are not sure what you need please just ask. We do not bite and understand that this can be one of the daunting areas of the law.

    So a little tip, if you are looking to buy a property in the near future, make sure you keep your bank statements, copy ISA’s, wage slips and any other information which may help.  If you are obtaining a gift from a lovely parent or some other person, the same rules apply to them as you and your conveyancer will need to see the same evidence from them along with their identification documents.

    This article provides only a general summary and is not intended to be comprehensive.  Special legal advice should be taken in any individual situation.


    back to articles...
Like most websites...
...Jackamans uses cookies in order to deliver a personalised, responsive service and to improve the site, we remember and store information about how you use it. This is done using simple text files called cookies which sit on your computer. These cookies are completely safe and secure and will never contain any sensitive information. They are used only by Jackamans and will not be shared with anyone else.
Read our cookies policy

how we use your information

This privacy notice tells you what to expect when Jackamans collects personal information.

visitors to our websites

When someone visits a we collect standard internet log information and details of visitor behaviour patterns. We do this to find out things such as the number of visitors to the various parts of the site. We collect this information in a way which does not identify anyone. We do not make any attempt to find out the identities of those visiting our website. We will not associate any data gathered from this site with any personally identifying information from any source. If we do want to collect personally identifiable information through our website, we will be up front about this. We will make it clear when we collect personal information and will explain what we intend to do with it.

use of cookies by Jackamans

Cookies are small text files that are placed on your computer by websites that you visit. They are widely used in order to make websites work, or work more efficiently, as well as to provide information to the owners of the site.

the cookies we use

acceptance Cookie

When you accept cookies from our site we write a cookie called jm_c_opt_in to your machine. This stores your acceptance so that when you return to our site in the future you will not have to accept cookies again.

system cookies

A set of system cookies are used to store information allowing functionality. These include data relating to a users membership, such as log-in details, if the user has signed up to any memberships on the site.

Google analytics

We store analytics cookies on your computer as soon as you visit this site. We need to do this to collect information about how visitors use our site. We use the information to compile reports and to help us improve the site. The cookies collect information in an anonymous form, including the number of visitors to the site, where vistors have come to the site from and the pages they visited. These cookies are listed below:





To opt out of being tracked by Google Analytics across all websites visit

cookie control

Most web browsers allow some control of most cookies through the browser settings. To find out more about cookies, including how to see what cookies have been set and how to manage and delete them, visit