More on wrongdoing LPs and LLPs from the International Consortium of Investigative Journalists

Reports on the wrongdoing of UK LPs and LLPs have been published by members of the ICIJ:

 

https://www.icij.org/investigations/fincen-files/inside-scandal-rocked-danske-estonia-and-the-shell-company-factories-that-served-it/

and 

https://www.icij.org/investigations/fincen-files/how-signatures-in-public-data-helped-expose-the-uks-dirty-money-cottage-industry/?utm_campaign=Sprout&utm_content=fincen+files&utm_medium=social&utm_source=twitter (continuing the long-running story on Danske Bank).

Earlier media reports of similar wrongdoing prompted a consultation by the UK's Department for Business, Energy and Industrial Strategy (BEIS) on Limited Partnerships in 2017-2018 (see https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/762849/government-response-limited-partnerships.pdf), the final conclusions of which are awaited. 

Both LPs and LLPs also feature in the ongoing BEIS consultation on corporate transparency (see most recently https://www.gov.uk/government/consultations/corporate-transparency-and-register-reform-powers-of-the-registrar).

 

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Second Annual Conference of the Partnership, LLP and LLC Law Forum 10 January 2019

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