UK property register proposes to reveal Jersey company owners

Proposals for the first register of foreign-owned property aimed at preventing money laundering in Britain means that Jersey companies owning land in the UK will have to reveal their true owners to UK authorities. More than £90bn is estimated to be laundered illegally through the UK each year, according to the all-party parliamentary committee scrutinising the registration of overseas entities bill. The legislation is set to adress UK government concerns that opaque company structures can ...