most egregious offenders. the government has noted it is difficult to pinpoint the owners of these properties because many have shielded their wealth in offshore companies, trusts and in the names of family members. let s go to the italian city of milan. your previous work as an activist, anti corruption activist, has seen the introduction of legislation and more than 34 countries. what is your response to this analysis which address this piece of legislation isn t working well? , , ., piece of legislation isn t working well? , , ., , piece of legislation isn t working well? , , well? this is a problem, you can make as many well? this is a problem, you can make as many laws well? this is a problem, you can make as many laws as well? this is a problem, you can make as many laws as you - well? this is a problem, you can make as many laws as you want| well? this is a problem, you can . make as many laws as you want but well? this is a problem, you can - make as many laws as you want
uk department for business and trade has released statements in the uk is the first country in the world to be taking this tough new approach in the statement goes on to say that fines of trust one tool in the arsenal and some companies are the government as it is difficult to pinpoint the owners of these properties because many have shielded their offshore companies, trusts and also the names of family members. earlier, i spoke to the author and anti corruption activist about the problems of british law. this anti-corruption activist about the problems of british law.- anti-corruption activist about the problems of british law. this is the fundamental problems of british law. this is the fundamental problem, problems of british law. this is the fundamental problem, you - problems of british law. this is the fundamental problem, you can - problems of british law. this is the l fundamental problem, you can make problems of british law. this is the - fundamental problem, you can make
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.
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about money laundering and the offshore world. am i surprised to hear that the british police have done nothing about these reports? no, that is wearily familiar. if you re famous, they ll take an interest. but if it s just, you know, mr and mrs smith have lost their retirement savings, a0 grand, 50 grand, 60 grand, send in a report and nothing will happen. 0liver believes that the scammers hide behind a complex series of offshore companies to protect their true identity. if you are coming at it as an investigative journalist or more likely as a law enforcement agent, you have to go to every one of those jurisdictions, write them a letter, a formal process, and then receive information about the ownership of that company. that may take you six months. it may take you a year. it may not be possible at all. so the point of the complexity is to make things incomprehensible and essentially to try and force