UK CRACKDOWN ON LIMITED PARTNERSHIPS PLANNED

The Financial Times on 27th November reported that it had seen evidence that the UK was planning a crackdown and that new legislation will force limited partnerships to maintain a link to the UK and be registered via an official supervised agent.  Legislation in 2019 will ensure that company registrars have powers to strike off dissolved limited partnerships, and there will be rules that would force partnerships to update Companies House with key information every 12 months.

https://www.ft.com/content/df942f22-f267-11e8-ae55-df4bf40f9d0d

https://kyc360.com/news/money-laundering-uk-planning-new-rules-for-limited-partnerships-after-scandals/

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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