Only 3% of fines collected over non-disclosure of UK property
Stay informed with free updatesSimply sign up to the Property sector myFT Digest -- delivered directly to your inbox.The UK has collected just 3 per cent of financial penalties issued to offshore companies that failed to comply with transparency legislation designed to uncover illicit wealth hidden in the property market.The figures, released to the Financial Times by Companies House, showed that of the 444 fines issued to companies for non-compliance with the Register of Overseas Entities since January 2023, just 14 were collected. Transparency campaigners said that while the creation of...


