The end of 'Londongrad'? The impact of beneficial ownership transparency on offshore investment in UK property

The Global Programme for Measuring Corruption ('GPMC') recently held a 'think-in' at their HQ in the International Anti-Corruption Academy, in Vienna, to examine one area that is particularly hard to measure – Illicit Financial Flows, or IFFs, and specifically the IFFs that arise from grand corruption.

The GPMC assembled a team of practitioners and academics to debate and discuss the topic over three days in Vienna.

At the think-in, economist Matt Collin discussed a working paper (he had co-authored) about the impact of the UK’s Economic Crime Act.

In this podcast he discusses the purpose of the paper in more detail, its interim findings, and the challenges of measuring new laws aimed at curbing illicit finanical flows.

A link to Matt's working paper:

https://www.wider.unu.edu/publication/end-londongrad-impact-beneficial-ownership-transparency-offshore-investment-uk-property

A blog about the working paper by the authors:

https://www.brookings.edu/blog/up-front/2023/03/21/the-uks-landmark-effort-to-stop-dirty-money-flowing-into-its-real-estate-sector-may-be-working/

If you’d like to listen to the co-creators of think-in discuss their key take-aways you can listen to this podcast just released.

If you would like to read more on the topic of illicit finanical flows, here’s our key insights brief published after the 'think-in'.

We also recorded one-on-one conversations with the other participants at the think-in in Vienna which will be available on this link very shortly.

If you want to find out more about the programme, visit this link:

https://www.iaca.int/measuring-corruption

And if you have specific questions please feel free to email the team: [e-mail]

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