Property News · April 6, 2017

Foreign firms with UK property could be forced to reveal real owners


Government plans public register of ‘beneficial owners’ of firms in move to combat money laundering and corruption Overseas companies holding property in the UK could be required to declare who really controls them under government plans to crack down on corruption and money laundering.The business minister Margot James has set out plans for what was said to be the world’s first public register of the “beneficial owners” of foreign companies and other legal entities with property in Britain. Continue reading…

Source : theguardian.com
Read more…Foreign firms with UK property could be forced to reveal real owners