Billions of pounds of corruptly gained money has been laundered by criminals and foreign officials buying upmarket London properties through anonymous offshore front companies – making the city arguably the world capital of money laundering. Some 36,342 properties in London have been bought through hidden companies in offshore havens and while a majority of those […]

The European Parliament’s Committees on Economic and Monetary Affairs and on Civil Liberties, Justice and Home Affairs (the Committees) have approved an amended draft of the Fourth Money Laundering Directive (MLD 4) under which the ultimate owners of companies and trusts will need to be listed in public registers in EU countries. The proposals under […]