Monday 23 July 2018 / 10:16 AM Economy / John McDonnell

British property is being used as a safe haven for dirty money – John McDonnell

John McDonnell MP, Labour’s Shadow Chancellor, commenting on overwhelming support for the introduction of a register of property, said:

“As the Government continues to drag its heels and break promises on tackling money laundering, British property is being used as a safe haven for dirty money.

“Whilst any action to tackle financial crime is a step forward, Labour still hasn’t heard anything as why the implementation has been delayed and our calls for bringing forward the timetable have been consistently opposed.

“We have to stop crooks, criminals and the corrupt.

“The Government needs to stop stalling and start acting. It is now a matter of urgency that a register of property owning overseas companies is introduced.”