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MORTON HOUSE / UK Government bring foward Economic Crime Bill 21:46 - Feb 28 with 809 views

https://www.lawgazette.co.uk/news/economic-crime-bill-to-surface-tomorrow-after-

Long awaited measures to tackle corporate anonymity and to give teeth to the enforcement of unexplained wealth orders are among the measures in the government's much-trailed crackdown on 'dirty money and corrupt elites' following the invasion of Ukraine.

Announcing this afternoon that the Economic Crime (Transparency and Enforcement) Bill along with plans to upgrade Companies House will be introduced in parliament tomorrow, prime minister Boris Johnson said: 'There is no place for dirty money in the UK.'

According to a statement by Downing Street, the legislation will create a register of foreign owners of UK property. It will also require anyone setting up, running, owning or controlling a company in the UK to verify their identity with Companies House. Entities failing to reveal their ‘beneficial owner’ will face restrictions over selling their property and penalties of up to five years in prison.

Maybe Denise Valarie Courtnell will be able to be verified after all!

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