On 15 March, the Home Office announced that the Economic Crime (Transparency and Enforcement) Bill has received Royal Assent. A new Register of Overseas Entities, requiring those behind foreign companies which own UK property to reveal their identities, will also be created under the Act. The new legislation will mean the government can move more quickly to impose sanctions against oligarchs already designated by allies. Reforms to Unexplained Wealth Orders (UWO) will remove key barriers to their use.
https://www.gov.uk/government/news/new-measures-to-tackle-corrupt-elites-and-dirty-money-become-law
https://www.legislation.gov.uk/ukpga/2022/10/contents/enacted
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