The UK has long found it profitable to turn a blind eye to dirty money. But a U-turn is underway as the US demands action amid renewed tensions with Russia. The UK’s status as a premier destination for shady oligarchs may be about to change, or so campaigners hope after the Conservative government promised to bring forward a long-delayed series of reforms to close existing loopholes. The Economic Crime Bill should create a “desperately needed” open register of foreign owners of UK real estate. But it could still be a long process to bring it into law.
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