New laws to tackle “dirty money” in the UK have been fast-tracked through Parliament in a bid to target Russian oligarchs over the Ukraine invasion. Royal assent was granted for the Economic Crime (Transparency and Enforcement) Act as the Houses of Parliament sat beyond midnight to ensure the measures became law. The UK Government is now expected to announce further sanctions in response to Russia’s aggression against Ukraine. The legislation is set to establish a new register of overseas entities requiring foreign owners of property in the UK to declare their true identity. The register would need to be updated each year and punishments for failing to declare details, or submitting false information, would result in the asset being frozen and it cannot be sold or rented out. The passage of the Act through Parliament was aided by several concessions by ministers in the Lords, including the Government agreeing to …