New global commitments to expose punish and drive out corruption: implications for Scotland?

A mini-blog, on an issue that largely speaks for itself.

Part 3 of the Land Reform (Scotland) Act 2016 has rules about transparency of landownership. These went through several turns of consultation and drafting, to leave us with:

  • Section 39 (headed “Information about persons with controlling interests in owners and tenants of land”), which provides that there “must” be regulations made relating to who controls landowning entities, with a (new) related register for this; and
  • Section 43 (headed “Power of Keeper to request or require information relating to proprietors of land etc.”), which provides a power and a discretion to create regulations allowing for the Keeper of the Registers of Scotland to request information about landowners and then publicise that information in the existing Land Register.

Today, the BBC reports the following:

Foreign firms that own property in the UK will have to declare their assets publicly in a bid to stamp out money-laundering, the government says.

Companies will have to be on a new register if they hold property or want to compete for government contracts.

The statement from the Prime Minister makes clear the plan “will include companies who already own property in the UK, not just those wishing to buy.”

What are the odds of Scotland’s much lauded new transparency measures being overtaken by the UK Government’s just announced measures? The race is on.

AntiCorruption

Image Credit – @Number10gov

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About basedrones

Bachelor of Laws. Scots lawyer working at the University of Aberdeen. English law qualified. Took far too long to write this bio. Blogs on legal issues, with occasional veering into other purportedly intellectual stuff from time to time. Tweets about legal issues, education, law clinics, fitba, music, rogue cell division and not at all about politics at @MalcolmCombe.
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4 Responses to New global commitments to expose punish and drive out corruption: implications for Scotland?

  1. Pingback: Scottish land reform – cool for cats? – Aberdeenunilaw

  2. Pingback: A model for transparency of landownership in Scotland, drawing on letting agent registration | basedrones

  3. Pingback: Matthews' Blog

  4. Pingback: Reflections on “Land Reform: Legal, Historical and Policy Perspectives” – Aberdeenunilaw

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