Scottish limited partnership

SLPs have features that give them advantages as investment vehicles and have been criticised for having inadequate anti-money laundering rules.

[1][2][3] Unlike other UK limited partnerships, SLPs have legal personality, which allows them to hold assets and enter into contracts in their own right.

[12][13] According to Transparency International, “these superficial companies have enabled theft, bribery and organised crime to thrive around the world under the veneer of a legitimate UK enterprise”.

[11] Transparency International UK policy director Duncan Hames has criticised SLPs, stating that "money launderers have been attracted to them because of the secrecy and the veneer of legitimacy they offer".

[4] MP Alison Thewliss described their reported abuse as "an issue of significant concern for the UK Government and the authorities".