Over a third of properties sold in a new Kensington and Chelsea development were purchased via anonymous companies or by buyers from states considered to be a high corruption risk, according to a new investigation by Transparency International UK.

An analysis of Land Registry data for 153 new homes in one development at 375 Kensington High Street found that more properties could be identified as being bought through companies based in the British Virgin Islands (19) – a known secrecy haven – than any other jurisdiction, including the United Kingdom (14).

Preventing corrupt money from being laundered into the UK must remain a key concern for the next government, particularly as it navigates a complicated Brexit process. Strong standards that are upheld through EU money laundering directives must be mirrored in domestic legislation. As the UK orientates to different priority markets for international trade, it has the opportunity to pursue inclusion of world-class anti-corruption provisions in any new trade agreements.

“Business Principles for Promoting Integrity in the Pharmaceutical Sector in Latin America” (Pharma Integrity Principles), is a set of new principles focused on strengthening ethical standards across the pharmaceutical sector in Latin America, promoting integrity and ethical business practices.

The Pharma Integrity Principles for Latin America aim to promote integrity in the pharmaceutical sector and guide companies in:

Corruption Cable is Transparency International UK’s newsletter.

This edition includes:

• Rolls Royce & Deferred Prosecution Agreements
• Health Corruption in Armenia
• Interview with Andy Watson, Head of Industry Integrity
• Why the UK Needs a World Class Anti-Corruption Strategy
• The 77th Brigade
• Where we have been in the media
• Events

And more!