It needs an unprecedented, courageous commitment from world leaders to stand united, to speak into the silence, and to demand change." Updated Thu, May 12th 2016 at 12:56 GMT +3British Prime Minister David Cameron announced plans Thursday to stop the flow of dirty money through the London property market, as he prepared to welcome world leaders and NGOs to an anti-corruption summit. The foreign firms that own more than 100,000 titles in Britain, many of them anonymous offshore companies, will have to reveal their true owners, as will any foreign firms buying new property or bidding for government contracts. Britain also announced it would set up a new international centre, with help from the US, Canada, Australia, New Zealand and Switzerland, to help coordinate global anti-corruption efforts. It was also unclear exactly who would be signing up, with officials only confirming a handful of the 50 nations said to be attending the summit.

Source: Standard Digital May 12, 2016 04:28 UTC