OpenCorporates Responds to Draft Registration of Overseas Entities Consultation: could this be the end of money laundering in the UK housing market?

This summer, the UK Department for Business, Energy and Industrial Strategy (BEIS) authored a draft bill to create a register of beneficial owners for overseas entities that own land in the UK.  As part of our work advocating for more open company data, OpenCorporates responded to the public consultation on the draft legislation. A brief summary, and our full response, is available below.

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Reading List: Impact of Open Company Data

As Becky Hogge notes in her important report on the impact of open data, tracking impact is tricky. By its nature, open data is resistant to traditional impact reporting; in part because we don't know exactly how it is being used, and in part because the value chain is so diffuse. So, Hogge argues, outside of sweeping statements about potential, at this stage impact is largely indicated by “fragments” of stories from the ground.

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