News story: World-first register to crack down on criminals laundering dirty money through UK property market to go live by early 2021

first_imgA world-first register revealing owners of overseas companies buying property in the UK will go live by early 2021 to crack down on criminal gangs laundering dirty money in the UK, the government has announced.More than £180 million worth of property in the UK has been brought under criminal investigation as the suspected proceeds of corruption since 2004. Over 75% of properties currently under investigation use off-shore corporate secrecy – a tactic regularly seen by investigators pursuing high-level money laundering.The Department for Business, Energy and Industrial Strategy’s register will require overseas companies that own or buy property in the UK to provide details of their ultimate owners. This will help to reduce opportunities for criminals to use shell companies to buy properties in London and elsewhere to launder their illicit proceeds by making it easier for law enforcement agencies to track criminal funds and take action.Yesterday in the House of Lords the government committed to publishing a draft bill this summer and introducing it in Parliament by next summer. Following legislation, the register would go live by early 2021.Business Secretary Greg Clark said: We are committed to protecting the integrity and reputation of our property market to ensure the UK is seen as an attractive business environment – a key part of our Industrial Strategy. This world-first register will build on our reputation for corporate transparency as well as helping to create a hostile environment for economic crimes like money laundering. world-first public register will require overseas companies that own or buy property in the UK to provide details of their ultimate owners £180 million worth of property in the UK has been brought under criminal investigation as the suspected proceeds of corruption since 2004 government will publish draft laws this summer and the register will go live by early 2021center_img The register will also provide the government with greater transparency on overseas companies seeking public contracts.The response to an earlier call for evidence will be published shortly.last_img read more

Lizzie, 10, and dad Craig are PING Family champions

first_img Tags: Family, Fourball Betterball, PING Golf mad 10-year-old Lizzie Wilson and her dad, Craig, are the new PING Family Fourball Betterball champions.The Nottinghamshire pair teamed up to score 45 points over the Thonock Park course at PING’s Gainsborough Golf Club and took the title by the slender margin of one point.“I played best!” laughed Lizzie, who has cut her handicap by 11 shots this season and now plays off 24. “I’ve had great fun playing with my dad and our playing partners were very nice. I’ve made some new friends and it’s been a great experience.”Craig added: “It’s been a fantastic day.” They took on the challenge of related pairs from across the country, who flock to play in this popular competition run by England Golf.Last year Craig and his wife, Claire, took part for the first time and this year they decided to include Lizzie, who has been playing since she was eight.“My wife and I played last year and it was a fantastically organised day. This year we thought that Lizzie could play and I got lucky she was paired with me! It’s been a great day,” said Craig, a 13-handicapper.Claire, who plays off 12, played in the competition with her dad, Michael Marriott, and has already staked a claim to be Lizzie’s partner in 2019!The whole family are members at Norwood Park Golf Centre, where Lizzie has been encouraged by the junior development programme.She’s also been inspired by attending the Women’s British Open; and enthused by receiving a bag of junior clubs through the Bags4Birdies initiative run by PING and UPS. Every birdie scored in Majors in one year by Lee Westwood and Louis Oosthuizen saw a bag of clubs given to a new young player.“That was very exciting for her and now Lizzie is doing better than the rest of the family!” said Craig. She’s won a county U18 handicap competition and she’s had an outing with the Nottinghamshire second team – and her next big date is on Tuesday when she tees up in the PING women’s fourball betterball Grand Final with Madeleine Smith, who was co-runner-up today.Lizzie sums up why she enjoys golf: “I love how you get to make new friends. But basically I just love playing the shots. I just love it!”And it won’t be long before the Wilsons are joined by their other daughter. Holly, seven, has also taken up golf and was thrilled when the family spectated at the Women’s British Open and she got Georgia Hall’s signed ball after the third round. “Since then she just wants to play golf,” said Craig. “I think I’m going to be a caddie or a taxi service!”The runners-up were Madeleine and Ian Smith, also from Norwood Park, Nottinghamshire, who scored 44 points, pipping Linda and Peter Spencer of Worksop, Nottinghamshire, on countback. Third place, again on countback, went to Alison and Robert Horak of Ullesthorpe Court, Leicestershire, on 43 points, ahead of Jane and Steve Ackling of Wollaton Park, Nottinghamshire. Debra and Glenn Wright of Millfield, Lincolnshire, took sixth prize on 42 points, on countback from two other pairs.Click here for full scoresImage copyright Leaderboard Photography 2 Sep 2018 Lizzie, 10, and dad Craig are PING Family champions last_img read more