The UK has enacted the Economic Crime (Transparency and Enforcement) Act 2022, which received royal assent on 15 March 2022. Among other things, the legislation provides for the creation of a new Register of Overseas Entities, requiring beneficial owners of foreign companies that own UK property to reveal their identities. According to a government release on the legislation, entities that refuse to reveal their beneficial owner(s) will face tough restrictions on selling property, and those…