Oral Answers to Questions Debate

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Department: Home Office

Oral Answers to Questions

Mark Pawsey Excerpts
Monday 15th July 2019

(4 years, 8 months ago)

Commons Chamber
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Mark Pawsey Portrait Mark Pawsey (Rugby) (Con)
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How will the forthcoming legislation requiring the registration of overseas entities prevent money generated through crime and corruption overseas from being invested in the London property market?

Ben Wallace Portrait Mr Wallace
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Transparency is the best disinfectant in such cases, and the Government are working hard to improve the operation of Companies House to ensure that we get to the bottom of some of these spurious companies. We are also fully committed to the establishment of a public register of property ownership in the UK, and are working with overseas territories to ensure that similar registers are established to cover ownership there.