The U.K. government has introduced a package of measures to increase transparency and tackle corruption in limited partnerships (LPs), which have long been identified as vehicles for money laundering. The measures, based on responses to a consultation paper issued by the Department for Business, Energy & Industrial Strategy (BEIS), are designed to increase transparency for both Scottish Limited Partnerships (SLPs) and LPs by ensuring these arrangements can still be used legitimately by pension funds and other investors while preventing abuse. The four main proposals are:
