Unexplained wealth orders, touted as a tool for seizing high-end London real estate from overseas kleptocrats, may soon be put to use against midlevel drug dealers and other criminals fueling violence in the U.K. capital.
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.