Dr Andy Summers, together with Dr Arun Advani (University of Warwick) and Anna Powell-Smith (IFS) write in the Guardian about foreign companies using UK property to launder money, and discuss the proposed legislation which would tackle this issue, as part of the Economic Crime and Corporate Transparency Bill (ECCTB).
"Some trust beneficiaries will protest against this intrusion on their privacy, often citing vulnerabilities. These concerns are not to be dismissed out of hand but there are already rules that allow individuals at risk of specific harms to keep their information off the public register. It is hard to see why blanket privacy should be available only to those with the money to create byzantine structures to hide their ownership."
Click here to read the Guardian article in full.