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<p>Building on the recently enacted Economic Crime (Transparency and Enforcement)
Act, the Economic Crime and Corporate Transparency Bill will bear down further on
kleptocrats, criminals and terrorists who abuse our financial system, strengthening
the UK's reputation as a place where legitimate business can thrive while driving
dirty money out of the UK.</p><p>As set out in the Queen’s Speech, the Bill will include
reform of Companies House, reforms to prevent abuse of limited partnerships, additional
powers to seize suspect cryptoassets more quickly and easily, and reforms to give
businesses more confidence to share information in order to tackle money laundering
and other economic crime.</p><p>The Government keeps UK law under regular review to
ensure a robust legislative framework. In 2020, the Government commissioned the Law
Commission to undertake a detailed review of how the legislative system could be improved
to appropriately capture and punish criminal offences committed by corporations, with
a particular focus on economic crime.</p><p>The Law Commission report was published
on 10 June. The Government will carefully assess the options presented and will take
forward the strongest options for reform.</p>
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