Are UK private boarding schools & universities a possible route for PEPs to channel unexplained wealth?

Are UK private boarding schools & universities a possible route for PEPs to channel unexplained wealth?

Tackling money laundering remains a critical challenge for anti-corruption fighters.

Political Exposed Persons (PEPs) who launder money are continually searching for ways to channel their illegal wealth. They do this through establishing shell companies in safe havens or buying expensive properties in Dubai. Another area used by them that has not received much scrutiny is, using the education system in developed countries as a possible money laundering route.

Many West African PEPs are known to send their children to study in private schools & universities mostly in developed countries like the UK and the US. These schools are very expensive and most times cost above the official earnings of these PEPs. In the UK, it is estimated that more than 30 million pounds are spent by West African PEPs in the UK education system.
Could this be a possible money laundering route for PEPs? and if so, what anti-corruption measures should be used to check or prevent West African PEPs from channelling unexplained wealth into the UK education sector?

To discuss this today we have our special guest and author: Mathew Page and our ED, Onyi Ough.