Property and money laundering

Meeting: 
MQT on 2019-11-14
Session date: 
November 14, 2019
Reference: 
2019/20413
Question By: 
Tom Copley
Organisation: 
Labour Group
Asked Of: 
The Mayor

Question

What would your response be to the findings of a recent report by Transparency International UK, studying corruption and money-laundering cases that involved 421 properties worth a total of £5 billion, a large proportion of which are in London? When seen in conjunction with the Government dropping its previously proposed “Registration of Overseas Entities Bill”, which would have established a beneficial ownership register of overseas entities that own property in the UK, do you think the Government is doing enough to ensure that the London property market is clean, fair and transparent?

Answers

There are currently no answers available.