Economic Crime (Transparency and Enforcement) Bill 2022: overarching documents - GOV.UK (www.gov.uk)
This Bill is a long standing government commitment. It is also long overdue in the light of the Russia Report.
Background
to the Bill is at - UK Government’s Commitment to Economic Crime Bill — FINTRAILThe Bill has 4 Parts - A Register of Overseas Entities, Unexplained Wealth Orders, Sanctions, General. There are 5 Schedules.
The Bill will make important changes to the law about registration of title to land but see - Economic Crime Bill analysis: Gaps in legislation could limit impact | Transparency International UK
The Government intends to ask Parliament to expedite the parliamentary progress of this Bill.
The legislation has been introduced as part of HM Government’s urgent response to the Russian invasion of Ukraine. (See the Explanatory notes - via the links above).
Russia Report:
The Intelligence and Security Committee (ISC) report on Russia was prepared in 2019 but details of its contents were not released until July 2020. The report raised serious concerns but few of them appear to have been addressed adequately by government.
HC 632 – Intelligence and Security Committee of Parliament – Russia (independent.gov.uk)
The government's response to the report may be seen HERE
Media:
UK looking at ways to speed up sanctions against Russian oligarchs | UK news | The Guardian
Move to add free speech protections to UK anti-corruption bill | Freedom of speech | The Guardian
2 March 2022
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