22-03-2018 12:12 via theguardian.com

Frontmen for shell companies could face jail in UK property crackdown

Two years in jail or unlimited fine could await those who break laws on ownership transparencyFrontmen of foreign shell companies that are used to hide the true ownership of some of London’s most expensive properties could face up to two years in jail and unlimited fines under new government plans.The government announced the new sanctions on Thursday as it unveiled plans to set out draft laws this summer to lift the secrecy surrounding foreign ownership of billions of pounds worth of Brit
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