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To fight oligarchs, Britain to require foreign companies holding UK property to register ownership – UK government

byVictoria Petryk
01/08/2022
1 minute read
To fight oligarchs, Britain to require foreign companies holding UK property to register ownership – UK government

“To ensure we are free of corrupt elites with suspicious wealth, we need to know who owns what,” junior business minister Martin Callanan said.

The “Register of Overseas Entities” is part of a wider economic crime law enacted this year in an effort to stop the flow of illicit Russian cash into London following Moscow’s invasion of Ukraine.

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