Campaigners say secretive ownership structures are becoming the ‘go-to vehicle for kleptocrats’
The owners of nearly a quarter of a million properties in England and Wales worth a combined £64bn are hidden behind opaque trusts, according to research that prompts concern that such structures are the “go-to vehicle for kleptocrats” stashing money in Britain.
The government introduced a register of property held through offshore vehicles in August 2022, revealing a string of unknown owners, including high-profile figures such as Lewis Hamilton and James Dyson, as well as sanctioned Russians, Gulf royals and the Chinese state.
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