40,000 London properties registered in 'secrecy havens'
Over 40,000 London properties are registered in a secrecy jurisdiction according to a report by Transparency International UK and Thomson Reuters. So-called "secrecy havens", like Jersey and Panama, allow property owners to keep their identities a secret. Of the 44,022 London land titles owned by overseas companies, 40,098 are registered in secrecy jurisdictions. The report also found 986 land titles with links to "politically exposed persons", or individuals with known political influence. 

 

It has never been easier to manage money and make payments around the world. This is partly due to the rapid growth of the electronic money institutions (EMIs) sector, which offers customers personal and business accounts, global payment services and an alternative to the more traditional banks. These firms are becoming increasingly popular.

While most EMIs will be legitimate payment providers, there is a growing body of evidence that suggests they are open to abuse by those seeking to launder corrupt and other illicit funds through the global economy.