Over 3,000 Foreign Companies Escape UK’s ‘Dirty Money’ Penalties

MPs urged the government to 'get its act together' after zero penalties or prosecutions issued to overseas businesses failing to declare owners of British property

A bus goes past the Houses of Parliament and the Big Ben in London on Dec. 29, 2021. Hollie Adams/AFP via Getty Images

The government has been urged to “get their act together” after failing to prosecute thousands of companies that have failed to comply with Britain’s new dirty money laws.

The revelation was made to MPs on Monday after business minister Kevin Holinrake faced questions over the new Register of Overseas Entities (ROE).