Britain Is Not A Safe-Heaven For Stolen Cash - British Prime Minister David Cameron Warns Foreign Government Officials

British PM, David Cameron has warned foreign and corrupt officials of foreign governments that London is "not a place to stash your dodgy cash".  The Prime Minister has promised to crack down on shady offshore companies buying up luxury properties as part of his drive to tackle international corruption.
 
In a speech in Singapore, Mr Cameron insisted: "There is no place for dirty money in Britain."  The PM, who has championed measures to tackle corruption around the world, said the UK would host a summit on the problem next year and acknowledged "we too must get our own house in order".
 
''With about £122bn of property in England and Wales is owned by offshore companies, we know that some high-valued properties are being bought by people overseas through cronies and anonymous shell companies, some with plundered or laundered cash,'' he said.  
 
The government is to publish Land Registry data later this year, setting out which foreign companies own land and property in England and Wales. It will also consider forcing a foreign company bidding for a government contract to "publicly state who really owns it".
 
While acknowledging the fact that the majority of foreign-owned business investing in Britain had "nothing to hide" and were welcome, the rules needed to be more transparent to counter those who were seeking to launder "their ill-gotten gains without being tracked down". "There is no place for dirty money in Britain," he said.  "Indeed, there should be no place for dirty money anywhere. London is not a place to stash your dodgy cash, the Prime Minster warns.

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