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Naomi Heathcote quoted by STEP on the UK Economic Crime Bill

Naomi Heathcote has been quoted by STEP on the UK Economic Crime Bill.

Discussing the Economic Crime (Transparency and Enforcement) Bill that was passed through the House of Commons on 7 March 2022, Naomi said that there remains the risk that an ultimate beneficial owner is still listed as another company, in which case the problem of multi-layered and opaque property ownership structures remains unsolved.

She added: "It has already been recognised by the Home Secretary that a second bill will be required because the current bill does not go far enough and loopholes will need to be closed. However, for the time being, at least these significant steps are being swiftly taken to crackdown as far as possible."

Read the full article here.