UK ad­mits that 28,000 Scots shell firms breach trans­parency rules

The Herald - - FRONT PAGE -


sus­tained cam­paign to clamp down on harm­ful SLPs, which have re­cently proved them­selves to be lu­cra­tive ve­hi­cles for in­ter­na­tional crim­i­nal ac­tiv­ity.

“The im­pli­ca­tion that SLPs fail­ing to com­ply with reg­u­la­tion should be pros­e­cuted by the Crown Of­fice serves an­other ex­am­ple of why ac­tion is needed.

The Crown Of­fice, led by Lord Ad­vo­cate James Wolffe QC, would be re­spon­si­ble for pros­e­cut­ing non-com­pli­ant part­ner­ships.

“In con­trast to what their name may sug­gest, the cre­ation and op­er­a­tion of SLPs is re­served. Fol­low­ing the SNP cam­paign the UK Govern­ment launched a con­sul­ta­tion; this closed back in March and we are yet to hear what the next steps will be.”

Dun­can Hames, of Trans­parency In­ter­na­tional, said: “SLPs are a known ve­hi­cle for money laun­der­ing, en­abling theft on a grand scale from whole pop­u­la­tions. The re­cent move to iden­tify the real peo­ple be­hind SLPs is a wel­come step but this law must be en­forced.”

A Crown Of­fice spokes­woman said: “We will con­sider any pros­e­cu­tion re­port for any al­leged breach of the new reg­u­la­tions.”

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.