What is Money Laundering?
Money Laundering is the process of making money gained from criminal activity appear legal. This can involve using property transactions, bank accounts, or rental payments to hide where the money originally came from.
In a housing context, it might involve:
- Using criminal funds to purchase a right to buy or shared ownership property
- Using criminal funds to pay rent and overpaying rent, or deposits and asking for a refund
- The misuse of Eastlight properties for criminal purposes e.g. cultivating cannabis, prostitution and drug dealing
Why Money Laundering Matters
Money Laundering isn’t a victimless crime. It has serious consequences for our organisation and communities:
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It undermines trust in Eastlight's services
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It enables other forms of crime and exploitation
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It diverts resources away from people who genuinely need support
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It exposes our organisation to legal and reputational risk
Stopping money laundering helps us protect public money, maintain safe and secure homes, and operate fairly and responsibly.
Read our Policy
You can find out more by reading our Anti-money Laundering Policy below.
If you are suspicious that money laundering is occurring at Eastlight , please report via our Fraud Reporting Form, by emailing fraud@eastlighthomes.co.uk or by calling us on 0330 128 0330.
