NEW MEASURES TO TACKLE INTERNATIONAL MONEY LAUNDERING USING LIMITED PARTNERSHIPS

On 10 December, the Department for Business, Energy and Industrial Strategy published a news release detailing a package of transparency and anti-corruption measures to address the abuse of Scottish Limited Partnerships (SLP) that has been linked to money laundering; measures will bring greater transparency and more stringent checks to those registering a Limited Partnership; and annual filing requirements will ensure Companies House has accurate information on all UK limited partnerships.

https://www.gov.uk/government/news/new-measures-to-tackle-international-money-laundering

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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