- Thursday, October 06, 2022
By: Kiran Paul
The officials will be soon using the new unexplained wealth orders (UWOs) to crack down on the assets of oligarchs suspected of corruption and criminal links, said Ben Wallace, Security and Economic Crime Minister, on Saturday. UWOs, an investigative tool to help law enforcement act on corrupt assets, came into force on January 31. It is a key element of the Criminal Finances Act 2017, which aims to tackle asset recovery and money laundering in the UK. It enables the officials to to seize suspicious assets and hold them until they have been properly accounted for. Those on the suspect…
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