U.K. plans to introduce legislation to tackle fraud, money-laundering in bid to stamp out economic crime and dirty money.
- Bill aims to ensure people, “including Putin’s cronies, do not benefit from the U.K.’s open society:” document
- Prime Minister
Boris Johnson’s government details plans in document accompanying Queen’s Speech
- New bill to broaden powers of Companies House powers and introduce identity verification for people who manage and control U.K. registered companies
- Law will also create powers to seize and recover crypto assets more quickly and easily
- Law also to create civil forfeiture power to mitigate risk posed by those who ...