- in United States
- with readers working within the Accounting & Consultancy industries
- within Media, Telecoms, IT, Entertainment, Accounting and Audit and Privacy topic(s)
As the UK government steps up its efforts to combat financial crime, particularly the use of UK property by foreign criminals to launder money, it has introduced a new Register of Overseas Entities that will impact any non-UK company that owns UK real estate. After legislation was fast-tracked through parliament, overseas entities that own UK land and property are now obliged to disclose certain information, including certain Ultimate Beneficial Owners, on a public register at Companies House.
To read the full article click here
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.