Ukraine invasion: UK moves forward with new rules for sanctions, foreign property buyers

Source: China – South China Morning PostBritish lawmakers moved a step closer to adopting new rules to allow the government to implement sanctions more quickly and require overseas buyers of property to publicly register their true owners as Britain seeks to put more pressure on Russia over the invasion of Ukraine.The Economic Crime Bill is a response to pressure on the British government to tackle money laundering and root out hidden assets by Russian oligarchs in the country. The proposed legislation was revised late on Friday amid…Read More

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