‘There will be nowhere to hide’: Government fast-tracks Economic Crime Bill & register of overseas property owners
"Time is up for Putin's cronies hiding dirty money in the UK and this new legislation will help to crack down on economic crime, including removing key barriers to using Unexplained Wealth Orders," says Home Secretary Priti Patel.
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Register of overseas property owners becomes law as Economic Crime Bill receives Royal Assent
Foreign owners of UK property have six months to comply with new registration documents, as the Economic Crime Bill completes its fast-track passage through parliament.
The Register of Overseas Entities is now in play; here’s what property pros need to know
Designed to "root out corrupt elites using UK property to launder their illicit wealth," the Register of Overseas Entities has officially launched, requiring more transparency for UK property transactions…
Economic Crime Bill fast-tracked through House of Commons today
The long-awaited Economic Crime (Transparency and Enforcement) Bill will be "expedited through all its Commons stages" today (7th March), four years after draft legislation was published.
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