The Scottish Limited Partnership is a notorious financial secrecy vehicle that's been used to launder at least $80 billion, mostly from oligarchs and organised crime figures from the former USSR, in only four years.
Pending legislation is taking some modest steps to kerb the use of SLPs for money-laundering, but the Scottish National Party tried to get more immediate action with an amendment to quicker legislation that would require at least one partner in SLPs to have a UK bank account, which was defeated 314 to 301, with 13 Scottish Tories voting against the measure.
Our @theSNP amendment on Scottish Limited Partnerships was defeated by 314 votes to 301. The UK Government had an opportunity to legislate this afternoon and failed to do so. Shame the 13 Scottish Tories wouldn't vote with us on this. #SLPs #SAMLBill #SanctionsBill pic.twitter.com/7ZA67ZnDN4
— Alison Thewliss (@alisonthewliss) May 1, 2018
(via Naked Capitalism)
