State draws up new legislation to reform Limited Partnerships

Number of secretive financial structures has nearly tripled

3rd November, 2019

The government is drafting new legislation to reform Limited Partnerships (LP) as registrations of the secretive structures in Ireland are on the way to tripling since 2014, The Sunday Business Post can reveal.

LP-like structures have been implicated in money-laundering scandals in Scotland, and are the vehicles of choice for private capital in financially secretive jurisdictions like Delaware, the Cayman Islands and Luxembourg.

The number of the obscure partnership structures has grown from just over 1,000...

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