Foreign politicos and their intermediaries have employed numerous strategies in the past two years to adapt to a new legal measure that has placed their U.K. assets at higher risk of seizure, sources told ACAMS moneylaundering.com.
A senior judge's dismissal of the latest legal challenge to the U.K.'s first unexplained wealth order will help cement the power as a tool for investigating illicit finance in Britain, investigators said Wednesday.
The U.K. National Crime Agency suffered a setback Wednesday when the High Court in London threw out unexplained wealth orders, or UWOs, against three luxury properties owned by relatives of Nursultan Nazarbayev, Kazakhstan's former autocrat ruler.