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UK property register 'needed urgently' to stop money laundering

UK property register 'needed urgently' to stop money laundering

Proposals for the first register of foreign-owned property aimed at preventing “McMafia-style” money laundering should be put in practice urgently and reinforced to plug potential loopholes, the government has been told.

  • Shared by the Guardian
  • May 20, 2019
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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.

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