INSIGHT-Few sanctioned Russian oligarchs disclose UK property, despite new law

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…

Read More
Few sanctioned Russian oligarchs disclose UK property, despite new law

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…

Read More