(Photo:Phil Noble/Reuters )
David Cameron will promise to act against corrupt foreigners who buy up luxury properties in the UK using secretive holding companies to hide their “dirty money”.
The prime minister will use a visit to Singapore to make an anti-corruption speech on Tuesday in which he will express concern that some properties, mainly in London, “are being bought by people overseas through anonymous shell companies, some with plundered or laundered cash”.
Drawing on proposals advanced by campaign group Transparency International, Cameron will set out his determination to ensure that “the UK must not become a safe haven for corrupt money from around the world”.
The original article can be found at www.theguardian.com