[theold]

“The billionaires and millionaires who use offshore services to buy houses are part of a transnational wealth elite that includes the world’s oligarchs, super-rich, kleptocrats, tax dodgers and criminals,” McKenzie said. “Perhaps for this reason London’s residents and the general public associate the lavish mansions of Kensington and Westminster with Russian oligarchs and kleptocrats.”

Under new rules, overseas entities that own UK property must register with Companies House and provide details of their true beneficial owners by 31 January 2023. However, only a handful more than 1,000 had declared their true owners by the end of September according to a review by moneylaundering.com.


https://www.theguardian.com/uk-news/2022...-companies