NGO calls for legislation to end UK’s role in corruption

NGO Transparency International UK has claimed that hundreds of billions of pounds are laundered through the UK each year and has issued a set of recommendations designed to end Britain’s involvement in such transactions. The move comes in response to the release of the Panama Papers, which have revealed Britain’s links to offshore territories. Transparency International called for the creation of central, public registers of beneficial ownership in Britain’s crown dependencies and overseas territories and for beneficial ownership standards in these areas to be equivalent to those in the UK as a whole. The NGO also called for legislation requiring foreign companies purchasing UK property or bidding for public contracts to disclose their beneficial owners and for professionals involved in money laundering, including lawyers and accountants, to face prosecution.

Paradise Lost is a thorough analysis of the UK’s role in global corruption, outlining the multitude of ways in which the UK is enabling corrupt individuals to enjoy luxury lifestyles and cleanse their reputations.