New bill vows to stop kleptocrats ‘treating UK as their safe deposit box’

Proposed reforms previously delayed by Boris Johnson reannounced amid accusations Tories are soft on ‘dirty money’

Companies House will be given new powers to challenge incorrect or fraudulent claims made by kleptocrats and their agents in an economic crime bill that was previously delayed by Boris Johnson a few weeks before Russia invaded Ukraine.

The new bill – the second of two that had to be hurriedly reannounced amid accusations the government had gone soft on dirty money – is backed by the new security minister, Tom Tugendhat.

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Manchester City banned from Champions League for two seasons

  • Ban starts next season and City also fined €30m (£25m)
  • Club say they will appeal to CAS at ‘earliest opportunity’

Manchester City have been banned from the Champions League for the next two seasons by Uefa and fined €30m (£25m) after they were found to have seriously misled European football’s governing body and broken financial fair play rules.

The severity of the ban from both of Uefa’s elite club competitions and the scale of the fine reflect how seriously Uefa’s FFP compliance bodies consider the club to have breached the rules and code of conduct.

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