UK brings in ownership register for property held by foreign companies - BusinessWorld Online

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Britain will now require foreign companies holding UK property to identify their true owners in an official register, the government said on Monday, as part of a crackdown on Russian oligarchs and corrupt elites laundering illicit wealth. READ:

, the government said on Monday, as part of a crackdown on Russian oligarchs and corrupt elites laundering illicit wealth.

“We are lifting the curtain and cracking down on those criminals attempting to hide their illicitly obtained wealth.”will have six months to comply by identifying their beneficial owner to

 

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