UK OVERSEAS ENTITIES REGISTER ‘RIDDLED WITH FLAWS AND LOOPHOLES’
August 30th, 2022
The UK’s new register of overseas entities (ROE) run by registrar Companies House, that went live August 1, has come under fire over loopholes that could mean beneficial owners of property can still hide their identity. Labour MP Dame Margaret Hodge, chair of the all-party parliamentary group (APPG) for anti-corruption and responsible tax, tweeted that the ROE “is not a silver bullet for tackling money laundering in UK real estate. The need for further reform to urgently drive out dirty money from Britain is clear.” She had earlier voiced criticism of the ...
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