{"id":107299,"date":"2019-05-20T18:00:15","date_gmt":"2019-05-20T11:00:15","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/patch-holes-in-property-register-implement-it-quickly-to-halt-us115-billion-in-yearly-money-laundering-uk-government-told\/"},"modified":"2019-05-20T19:03:02","modified_gmt":"2019-05-20T12:03:02","slug":"patch-holes-in-property-register-implement-it-quickly-to-halt-us115-billion-in-yearly-money-laundering-uk-government-told","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/patch-holes-in-property-register-implement-it-quickly-to-halt-us115-billion-in-yearly-money-laundering-uk-government-told\/","title":{"rendered":"Patch holes in property register, implement it quickly to halt US$115 billion in yearly money laundering, UK government told"},"content":{"rendered":"


\nProposals for the first register of foreign-owned property aimed at preventing \u201cMcMafia-style\u201d money laundering should be put in practice urgently and reinforced to plug potential loopholes, the UK government has been told.Draft legislation contains insufficient verification checks to deter criminals from submitting false information and could allow those exploiting trusts to circumvent controls, MPs and peers have said.More than \u00a390 billion (US$114.7 billion) is estimated to be laundered\u2026
\n
\nSource : South China Morning Post
\nRead more…Patch holes in property register, implement it quickly to halt US5 billion in yearly money laundering, UK government told<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Proposals for the first register of foreign-owned property aimed at preventing \u201cMcMafia-style\u201d money laundering should...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-107299","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-rUD","jetpack-related-posts":[{"id":107279,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-property-register-needed-urgently-to-stop-money-laundering\/","url_meta":{"origin":107299,"position":0},"title":"UK property register 'needed urgently' to stop money laundering","date":"May 20, 2019","format":false,"excerpt":"\r MPs and peers say plans for register of foreign-owned property should not be delayedProposals for the first register of foreign-owned property aimed at preventing \u201cMcMafia-style\u201d money laundering should be put in practice urgently and reinforced to plug potential loopholes, the government has been told.Draft legislation contains insufficient verification checks\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":79264,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-public-register-is-redundant-and-deprives-buyers-of-privacy-say-industry-players\/","url_meta":{"origin":107299,"position":1},"title":"UK public register is redundant and deprives buyers of privacy, say industry players","date":"February 8, 2018","format":false,"excerpt":"\r Property industry players believe the UK government\u2019s existing system to deter tax evasion and money laundering is already strong enough and are concerned about privacy issues arising from the introduction of a public register in 2021. The public register will disclose the identities of the ultimate buyers of UK\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":51046,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/foreign-firms-with-uk-property-could-be-forced-to-reveal-real-owners\/","url_meta":{"origin":107299,"position":2},"title":"Foreign firms with UK property could be forced to reveal real owners","date":"April 6, 2017","format":false,"excerpt":"\r Government plans public register of \u2018beneficial owners\u2019 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\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":93425,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-fight-against-money-laundering-is-fragmented-and-overwhelmed-mps-told\/","url_meta":{"origin":107299,"position":3},"title":"UK fight against money laundering is fragmented and overwhelmed, MPs told","date":"July 9, 2018","format":false,"excerpt":"\r \r \r Source : telegraph.co.uk\r Read more...UK fight against money laundering is fragmented and overwhelmed, MPs told","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":104857,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-estate-agents-hit-by-crackdown-on-money-laundering\/","url_meta":{"origin":107299,"position":4},"title":"UK estate agents hit by crackdown on money laundering","date":"March 9, 2019","format":false,"excerpt":"\r Slow housing market suffers further blow from HMRC\u2019s tougher stance on dirty money\r \r Source : ft.com\r Read more...UK estate agents hit by crackdown on money laundering","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":74282,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-economic-crime-agency-to-crack-down-on-90bn-a-year-uk-money-laundering\/","url_meta":{"origin":107299,"position":5},"title":"New economic crime agency to crack down on \u00a390bn-a-year UK money laundering","date":"December 12, 2017","format":false,"excerpt":"\r \r \r Source : telegraph.co.uk\r Read more...New economic crime agency to crack down on \u00a390bn-a-year UK money laundering","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/107299"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=107299"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/107299\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=107299"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=107299"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=107299"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}