i-law

Money Laundering Bulletin

The proceeds of corruption in property: time to unmask the offshore companies that own so much of the UK, says TI

UK property has long been a safe haven for overseas investors seeking a stable political and business climate, financial security or an attractive place to live. However, there is growing evidence, says Nick Maxwell, that it has also become a safe haven for corrupt capital stolen from around the world, facilitated by the laws which allow UK property to be owned by secret offshore companies.

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