More than one in ten of all Limited Liability Partnerships (LLPs) ever incorporated in Britain bear the hallmarks of shell companies used for serious financial crimes, according to a new report published today by Transparency International UK (TI).

The independent anti-corruption organisation now wants to prohibit all UK companies, including LLPs, from being controlled by opaque offshore companies. It is also seeking additional powers for the UK’s registrar of companies and an overhaul of the country’s anti-money laundering (AML) supervisory systems.

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