Prime Minister David Cameron’s proposals to make property ownership more transparent to tackle suspected corruption and money laundering won’t work, claim lawyers and property experts.

Cameron has announced that the government wants to publish lists of companies fronting wealthy offshore owners allegedly washing dirty cash through the prestige London property market.

He argues that many of the companies registered overseas are buying expensive homes in London for corrupt officials and politicians living in other countries.

Cameron wants to make property ownership more transparent by publishing the names of these companies.

“Many of these expensive homes that cost millions of pounds are bought from the proceeds of plundered and laundered money and I will not let Britain become a tax haven for criminals and fraudsters,” said Cameron. …

Missing from the last post

When your google news page looks like this it must mean something

End of the U.S. bull run, stock market correct etc

I am waiting to see a tech bubble pop soon too

Terrorists in Egypt have threatened to behead a hostage in the latest outrage against tourists in the Middle East and North Africa.

Terror alerts issued by governments in the US and Europe cover attacks in Turkey, Egypt, and Tunisia.

So far, the Islamic State has confined executions to Syria and Iraq, but a video of a Croatian man bound and threatened with death seems to have been shot in the Sinai region of Egypt.

As a result, the British Foreign and Commonwealth Office is urging tourists to stay out of the area.

The terror group is demanding Egypt release women held in prison within 48 hours or they will execute the hostage. …