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UK unveils plans to stem 'dirty money' in London property market

Published Thu, May 12, 2016 · 09:50 PM

DeeperDive is a beta AI feature. Refer to full articles for the facts.

London

BRITISH Prime Minister David Cameron announced plans on Thursday to stop the flow of dirty money through the London property market, as he prepared to welcome world leaders and NGOs (non-governmental organisations) to an anti-corruption summit.

The foreign firms that own more than 100,000 titles in Britain, many of them anonymous offshore companies, will have to reveal their true owners, as will any foreign firms buying new property or bidding for government contracts.

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