United Kingdom: Cost will not deter us going after dirty money, UK police say

Britain will not be deterred from using anti-graft powers to target foreign oligarchs’ suspected dirty money despite the large cost risk and a recent court setback, a senior police officer has said.

Unexplained Wealth Orders (UWOs) were introduced in 2018 to help the authorities target the illicit wealth of foreign officials suspected of corruption and those involved in serious crime.

However, in April, London’s High Court dismissed UWOs against Nurali Aliyev, the grandson of the former president of Kazakhstan, and others in one of the first cases where the powers had been used, leading to a demand for 1.5 million pounds ($1.94 million) in costs.

The original full article can be found at reuters.com


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