The end of Londongrad? The impact of beneficial ownership transparency on offshore investment in UK property

Matthew Collin, Florian M. Hollenbach and David Szakonyi

No wp-2023-11, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: The United Kingdom's (UK) property markets are thought to be a common destination for corrupt and criminal assets and money laundering, with investment often through offshore shell companies. Following the Russian invasion of Ukraine in 2022, we study the impact of the introduction of a policy in the UK intended to increase transparency and eliminate the anonymous ownership of property by requiring offshore companies to file their ultimate beneficial owners on a public register.

Keywords: Money laundering; Real property; Ownership; Transparency; Tax evasion; Corruption (search for similar items in EconPapers)
Date: 2023
New Economics Papers: this item is included in nep-cis, nep-iue, nep-pbe and nep-tra
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:unu:wpaper:wp-2023-11

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