MONEY LAUNDERING THROUGH LONDON PROPERTY MARKET

Early day motion 275, tabled 8 July 2015 by Mark Durkan (Social Democratic and Labour Party). Signed by 42 members.

That this House notes the recent screening of From Russia with Cash on Channel 4; expresses its concern that the proceeds of corruption are being laundered through the London property market via the use of anonymous offshore companies; and recommends that corporate transparency become a Land Registry requirement so that any foreign company intending to hold a property title in the UK is held to the same standards of transparency required of UK registered companies, so preventing London or other locations from becoming a safe haven for the corrupt.

Signatures by party: Labour 19, Scottish National Party 14, Labour/Co-operative 3, Social Democratic and Labour Party 2, Conservative 1, DUP 1, Liberal Democrat 1, Plaid Cymru 1.