Theresa May will set out a timetable to break the secrecy
surrounding the foreign ownership of British property worth billions after
facing a House of Lords defeat at the hands of two Conservative peers. Lord
Faulks, a former Tory justice minister, and Lord Hodgson have been calling on
the government to establish a register exposing the beneficial owners of
overseas companies and legal entities, and want it done within 12 months. The
peers put forward an amendment to the sanctions and anti-money-laundering bill,
which would have been likely to inflict a government defeat. Read more on the
Guardian website.
https://www.theguardian.com/politics/2018/jan/17/theresa-may-set-timetable-reveal-foreign-owners-uk-property
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