The UK government has published its proposals to clamp down on the use of anonymous or fraudulent shell companies and partnerships that provide criminals with a veneer of legitimacy to help commit a range of crimes, from money laundering and grand corruption to fraud and identity theft.

The Danske Bank money laundering scandal, said to be the largest in history, highlighted the crucial role played by anonymous UK registered entities in moving illicit wealth around the globe for the bank’s non-resident customers from Russia and other ex-Soviet countries.

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