Ministers are resisting Labour party calls to force anonymous foreign owners of UK land and property to reveal their identities within 28 days, warning that “decent law abiding citizens” could be caught up in a crackdown on oligarchs linked to the Kremlin.
Sir Keir Starmer, leader of the opposition, on Sunday urged the government to toughen up the long-awaited economic crime bill, which will be voted on by MPs on Monday, as part of a drive to put more pressure on the regime of Russian President Vladimir Putin.
The legislation, brought forward on an emergency timetable following Russia’s invasion of Ukraine, would give the owners of around 95,000 foreign owned properties six months to reveal their identities.
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