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foreign property

UK to introduce foreign owners’ property register

LONDON: Britain will introduce a public register that will compel foreign companies which own or buy property to disclose their ultimate owners in a bid to crack down on money-laundering, the business ministry said on Thursday. London property in particular has attracted foreign buyers in recent years thanks to its mix of top-end apartments, luxury penthouses and gleaming skyscrapers alongside corporations who use the city as global hub. But the release of the “Panama Papers” in 2016 helped shine a light on firms and…