
UK lawmakers cite loopholes in foreign land owners bill
British lawmakers issued a report Monday outlining potential loopholes in draft legislation intended to help better identify foreign criminals seeking to launder money in UK property.

The 86-page report by members of the UK House of Lords and House of Commons concluded that the current version of the Registration of Overseas Entities Bill would permit foreign individuals buying real estate in the country to remain anonymous by arranging the purchases through trusts.
Read more at the KYC360.
OTS calls on government to simplify PAYE for small business
Bank of England warns investment will suffer under no-deal Brexit