Yesterday we passed key measures in our Economic Crime Bill, strengthening and accelerating our response to Russia’s invasion of Ukraine. As the Bill Whip for Economic Crime Bill, I helped to steer this important piece of legislation through the House in a day with very little disagreement across the Commons. We are determined to ensure there is nowhere left to hide for those complicit in Putin’s tyrannical regime by cracking down on those supporting Russia’s campaign of destruction. That is why we have passed new measures through our Economic Crime Bill to clamp down on corrupt elites – including shortening the deadline to register overseas entities to six months, making it easier to enforce global sanctions, and broadening the scope of Unexplained Wealth Orders. These unprecedented measures will support our law enforcement agencies to take more effective action against corrupt elites and criminals and send a clear message that we will come for their ill-gotten gains.
