A news release from Transparency International on 7 February says that analysis of the Register of Overseas Entities (ROE), a new database of the real owners of offshore firms that hold UK property, shows almost half of the companies required to declare their ownership have failed to do so. Its findings include that around 14,500 offshore companies listed as owning property in England and Wales by the land registry could not be identified on the ROE; and 12% of all companies that have filed information (2,358) claim to have no beneficial owners – an issue we previously identified as a potential loophole that would allow offshore companies to sidestep the rules.
https://www.transparency.org.uk/uk-register-overseas-entities-through-the-keyhole
https://www.buymeacoffee.com/KoIvM842y
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