On 3 August, the BBC reported that Ministers have acknowledged concerns about companies known as English Limited Partnerships (ELP), which have also been abused by criminals. Such a type of company is not required to identify its real owners. In 2016 and 2017, the UK Government introduced measures that forced almost all UK companies to identify their real owners, but ELP were not covered by these new transparency laws and, since then, more than 4,500 of them have been set up.
The ELP situation is contrasted with that for Scottish LP. After these were repeatedly linked to major international money laundering scandals, the UK Government changed the law so they had to provide information about those who ultimately owned or controlled them.
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