UK lawmakers expose loopholes in anti-money laundering bill
(World News UK)

UK lawmakers criticized proposed anti-money laundering legislation, saying the bill doesn´t do enough to force foreign owners to disclose their property holdings in Britain. The lawmakers, from a cross-party committee of 12 members from the House of Commons and the House of Lords, said the legislation had loopholes that would allow foreign buyers to use trusts to avoid registering transactions. The committee also said the bill fails to set up an adequate system to verify and enforce the...