The government recently announced new legislation to reveal the beneficial owners of Scottish Limited eartnerships. But this has done little to shed light on the people controlling them.
In June 2017, Bellingcat and Transparency International published a joint-report into Scottish Limited Partnerships (“SLPs”) and their increasing rise in popularity, their use in large scale money laundering and corruption cases, and their unique attractiveness as opaque vehicles which guaranteed anonymous ownership for their ultimate beneficial owners.
On 26 June 2017, new rules came into force which obliged SLPs to file details of their beneficial owners. The Business Minister for the …read more