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INSIGHT-Few sanctioned Russian oligarchs disclose UK property, despite new law
By Andrew MacAskill, Ryan McNeill and Sinead Cruise LONDON, Feb 1 (Reuters) – Subsequent Moscow’s invasion of Ukraine past yr, Britain trumpeted new legislation requiring residence-possession disclosure aimed at cracking down on Russian oligarchs and corrupt elites laundering illicit wealth. Overseas corporations holding Uk assets experienced until the finish of Tuesday to detect their “beneficial owners” in a new public register, producing Britain one particular of the 1st international locations to do so. But a Reuters analysis of govt information discovered that the people today guiding a lot more than ten thousand United kingdom-assets owning overseas companies remain shielded from general public view. Extra than 19,700 abroad organizations had disclosed…
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Few sanctioned Russian oligarchs disclose UK property, despite new law
LONDON, Jan 31 (Reuters) – Adhering to Moscow’s invasion of Ukraine final year, Britain trumpeted new legislation requiring property-possession disclosure aimed at cracking down on Russian oligarchs and corrupt elites laundering illicit wealth. International firms keeping British isles assets have until eventually the finish of Tuesday to determine their “beneficial owners” in a new general public sign up, earning Britain just one of the to start with nations to do so. But a Reuters investigation of government knowledge located that the people behind countless numbers of United kingdom-property owning international firms continue to be veiled in secrecy. Much more than 19,000 abroad companies experienced disclosed ownership of British isles property…
/cloudfront-us-east-2.images.arcpublishing.com/reuters/TRXRKQKXLJLTBDEGJWWGUOWKMI.jpg?w=1140&resize=1140,0&ssl=1 "Few sanctioned Russian oligarchs disclose UK property, despite new law")
