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With Deadline Looming, UK Property Ownership Database Shows Signs of Life

By Koos Couvée

Almost 20 trusts and other overseas entities that have declared their ownership of U.K. real estate ahead of a government-imposed deadline have acknowledged their links to blacklisted parties, analysis shared with ACAMS moneylaundering.com shows. As of Dec. 31, more than 12,600 of the estimated 32,000 limited companies, trusts and other firms that together hold an estimated 100,000 properties in Britain from offshore had submitted the names, addresses and other details of their owners for inclusion on the country's new Register of Overseas Entities. But only 8,600 of those 12,600 identified an actual person as their beneficial owner, according to the...

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