The aim is to stop overseas criminals from using agents to create companies or buy property for them in the UK
Foreign companies that refuse to disclose their true owner could face fines of up to £2,500 per day or up to five years in prison.Foreign organisations who already own land in the UK will have a six month period to register their beneficial owners or managing officers. The bill proposes that anyone setting up, running, owning or controlling a company in the UK to verify their identity with Companies House, a government agency, as well as giving Companies House the power to challenge suspicious information.
What is this about? Can I get more information? Thank you.
Isn't this basically too little - TOO f***ing LATE!
It was all about brexit...🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱
And will be completely ineffective, just like every other regulatory body in the UK... PeopleBeforeProfit EnergyCap EnergyCrisis CostOfGreedCrisis CorporateGreed CEOPay inflation
Unless it’s Russian and supports thenTories or Middle Eastern and goes to Prince Charles
All the Russian oligarchs in London were against Putin. By stealing their wealth you eliminated the main risk to Putin's leadership.
I think that horse bolted some time ago.
Have we not learned in a World with offshore holding companies that some solutions are doomed from the start.