The shadow chancellor, Anneliese Dodds, is calling for the government to introduce a long-promised register of foreign owners of UK properties, to prevent criminals using homes as “dodgy bank accounts”.
Reports of suspected money laundering have more than doubled since David Cameron used a speech in Singapore in 2015 to pledge that there would be “no place for dirty money in Britain”.
The then prime minister promised a register of overseas companies owning UK properties, to make the market more transparent and prevent money from corruption being parked in lavish houses in central London.
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But the proposal is still awaiting implementation. A draft registration of overseas entities bill was published in 2018, but has not yet been introduced to parliament.
Dodds will use a speech