Business

UK to require names of all anonymous buyers of property over past 20 years


The UK will create a new “Register of Foreign Entities”

  • require anonymous buyers of real estate in the past 20 years to disclose the name of the true owner

This is described as targeting Putin’s oligarchs and money laundering.

I wonder if confiscation is on the cards for some of these people?

Info via Reuters:

  • Britain will step up its crackdown on what Prime Minister Boris Johnson has called ‘dirty money’ as it introduces the government’s Economic Crimes Bill to Parliament on Monday, a step forward in response to the UK invasion. Ukraine by Russia.


cnbctv18-forexlive-benzinga

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William

Friendly bacon buff. Unapologetic problem solver. Avid food lover. Amateur alcoholaholic. Organizer. Student
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