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The Guardian - UK
The Guardian - UK
World
Dan Sabbagh Defence and security editor

New bill vows to stop kleptocrats ‘treating UK as their safe deposit box’

Luxury properties in Eton Square in London
Luxury properties in Eton Square in London, also known as Red Square due to the high number of Russian property owners there. The UK has been accused of turning a blind eye to fraudulent Russian assets for years. Photograph: RichardBaker/Alamy

Companies House will be given new powers to challenge incorrect or fraudulent claims made by kleptocrats and their agents in an economic crime bill that was previously delayed by Boris Johnson a few weeks before Russia invaded Ukraine.

The new bill – the second of two that had to be hurriedly reannounced amid accusations the government had gone soft on dirty money – is backed by the new security minister, Tom Tugendhat.

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