Secret owners of tax haven firms to be revealed

Emergency law after Herald campaign

work, we have the first practical recognition SLPs have been a significant problem, and some action is now being taken.”

The Herald previously revealed how criminals were trading on the respectability of Scotland’s reputation by buying off-the-shelf SLPs manufactured and hosted in Scotland but with anonymous shell companies in tax havens as their official “partners”.

This latest reform ordered by the Conservative Party will mean the true owners of such partners will either come to light or face £500-a-day fines by Companies House.

Scottish Secretary David Mundell