Money Laundering Through London Property Market
EDM number 275 in 2015-16, proposed by Mark Durkan on 08/07/2015.
Categorised under the topics of Crime, Financial services and Housing.
That this House notes the recent screening of From Russia with Cash on Channel 4; expresses its concern that the proceeds of corruption are being laundered through the London property market via the use of anonymous offshore companies; and recommends that corporate transparency become a Land Registry requirement so that any foreign company intending to hold a property title in the UK is held to the same standards of transparency required of UK registered companies, so preventing London or other locations from becoming a safe haven for the corrupt.
This motion has been signed by a total of 42 MPs.
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