could total £1 billion or $1.25 billion us. well, the uk department of business and trade has released a statement saying that the uk is the first country in the world to be taking this tough new approach. and the statement goes on to say fines are just one tool in our arsenal and that noncompliant companies are already unable to buy or sell unregistered land, which cuts off the flow of money. the statement then says we are currently building cases against companies and prioritising actions against the most egregious offenders. however, the government has noted that it s difficult to pinpoint the owners of many of these properties because many have shielded their wealth in offshore companies, trusts and also in the names of family members. earlier, the author and anti corruption activist bill browder told the bbc that the uk is failing to implement its own legislation.
information, although the uk government has said that the true figure could be lower than that because some firms no longer exist and others have already transferred their property. but even using a conservative figure of 4000 firms at £2500 a day gives us a figure of £10 million a day. that s $12.5 million us. and given its been more than 100 days since that january 31 deadline passed, that could total £1 billion or $1.25 billion us. well, the uk department of business and trade has released a statement saying that the uk is the first country in the world to be taking this tough new approach. and the statement goes on to say fines are just one tool in our arsenal and that noncompliant companies are already unable to buy or sell unregistered land, which cuts off the flow of money. the statement then says we re currently building cases against companies and prioritising