For many years, the UK has been given the unenvious title of being a hub for money-laundering, with UK enforcement agencies lacking the armoury to tackle the influx of dirty money.
The fast-tracking of the Economic Crime Bill, in response to the Russia/Ukraine conflict, is a further attempt by the UK to financially cleanse UK PLC, but there have been previous attempts to deal with an ever-evolving threat which have thus far served little purpose.
Read the full article at https://kennedyslaw.com/thought-leadership/article/uw-no-the-rise-and-fall-of-unexplained-wealth-orders/
