Written Question·Department for Business and Trade·UIN 126579
Property: Money Laundering
Tabled: 13 April 2026
Answered: 16 April 2026
Named DayQuestion
Neil Coyle
Labour — Bermondsey and Old Southwark
To ask the Secretary of State for Business and Trade, what assessment he has made of the potential impact of the Economic Crime and Transparency Act 2023 on the offshore ownership of property in the UK to conceal money laundering and other illegal activit
Answer
Blair McDougallThe Economic Crime Acts 2022 and 2023 established and strengthened the UK’s Register of Overseas Entities, which requires overseas entities owning UK land to disclose their beneficial owners. Since launching in 2022, over 33,000 entities have registered. ...
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