In the UK, more than 100,000 properties are still hidden from the eyes of the authorities


Last August, the country’s authorities decided to create a real estate register, where information about the owners should be open. It was mainly about large objects whose owners are suspected of corruption schemes. Currently, research in this area shows that over 85% of such property is still hidden and is not even included in the register. Lawyers have used all sorts of legal loopholes to get around these obstacles. The most common way not to disclose the identity of the owner was the transfer of objects to trust funds (this option is used in 67% of cases). The authorities say that they will not close this loophole yet, as this threatens legal disputes due to the confidentiality of the beneficiaries of the trusts themselves.



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