A politician from central Asia with a multi-million pound property portfolio has been the first person in the UK to be subject to an “unexplained wealth order” as authorities attempt to stop the flow of dirty money through London.
The UK will force people owning property worth more than £50,000 (US$70,000) who have suspected links to organized crime or are vulnerable to graft as a result of their political position to explain where they got their money from, The Times reported on Saturday.
Pakistan sent two investigators to London to collect evidence about apartments the family of ousted prime minister Nawaz Sharif allegedly secretly owns according to the Panama Papers leaks, Pakistani media reported on Thursday.
Britain announced on Monday the creation of a new National Economic Crime Center (NECC) to crack down on money laundering, which is estimated to cost taxpaying households in the United Kingdom US$ 340 each year.
A new multinational effort was launched Wednesday to tackle grand corruption, a criminal category that can include bribery of public officials, embezzlement, abuse of power and money laundering of proceeds from crime.
Violent Albanian crime groups are exerting "considerable control" over the drug market in the UK, while gangs from Serbia and Turkey dominate maritime cocaine trafficking routes, according to a report by the National Crime Agency (NCA) releasedWednesday.
Police investigators in the UK have launched an inquiry into the involvement of 19 British shell companies in a US$20 billion money-laundering operation.
Border Force officers arrested the pilot of a light aircraft at an airfield near Shelby, England on Nov. 17, seizing 34 kilos of cocaine and charging him with conspiring to import class A drugs into North Yorkshire.
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