UK to ‘use all tools’ available to crack down on thousands of firms that missed property register deadline

The News Craving

By Louis Goss The UK government has vowed to “use all the tools” at its disposal to crack down on the thousands of overseas companies that have failed to report their beneficial owners with Companies House’s new property register. The government pledged to fine and prosecute the “oligarchs and non-compliant organisations” that missed yesterday’s deadline to declare their ultimate owners on the newly-launched Register of Overseas Entities. The deadline comes six months after Britain first introduced its the register last August, which is aimed at boosting transparency around property ownership …

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