Then prime minister David Cameron revealed that any foreign company that owned UK property, or bid for government contracts, would have to join a public register of ownership.

Sadiq Khan

Sadiq Khan

Source: lev radin

The move followed law firm Mossack Fonseca’s investigation that revealed London property was an investment target for international criminals.

Later that year, London mayor Sadiq Khan vowed to conduct “the most thorough research ever” into foreign ownership of London property.

By January 2023, all offshore firms holding UK property had to declare their beneficial owner.