In March 2024, TI Ireland made a submission to the Department of Enterprise, Trade and Employment on the Miscellaneous Provisions (Transparency and Registration of Limited Partnerships and Business Names) Bill.
In light of media revelations about the abuse of Limited Partnerships (LPs) for various illicit purposes, TI Ireland welcomed the government’s announcement in early 2023 of its intention to bring forward legislation to tighten regulation around the transparency and registration of LPs and business names and submitted recommendations on the Miscellaneous Provisions (Transparency and Registration of Limited Partnerships and Business Names) Bill to mitigate risks they would be abused for illicit purposes such as money laundering, organised crime and tax and sanctions evasion.
TI Ireland's submission draws on analysis by TI and others, including submissions to the government review of the Limited Partnerships Act 1907 and reflections on the UK’s Economic Crime and Corporate Transparency Act 2023. We have also consulted directly with colleagues in TI-UK and with Elspeth Berry, Associate Professor at Nottingham Law School and founder of the Partnership Law Forum.