Financial Crime Financial Crime

Comment: Inaction on UK wealth orders showcases crime fighters' chronic resources problem

By Martin Coyle and Phoebe Seers
  • 09 Dec 2021 10:34
  • 09 Dec 2021 10:45
The UK’s approach to tackling dirty money is once again under fire, highlighting enforcers’ lack of resources that pits them against suspects with far deeper pockets.

In a parliamentary hearing last week, veteran opposition Labour lawmaker Margaret Hodge lamented the use — or lack thereof — of "unexplained wealth orders," introduced as part

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Martin Coyle

Senior Correspondent


Martin Coyle is a senior correspondent, based in MLex's London office, reporting daily on bribery and corruption issues in the UK and Europe. Previously he was a senior editor at Thomson Reuters where he covered anti-money laundering, financial crime and regulatory enforcement issues. Prior to that he was editor of The Accountant, the world's oldest accounting publication, and International Accounting Bulletin, a bi-monthly business journal owned by Lafferty.

Phoebe Seers

Correspondent


Phoebe has covered Financial Crime and compliance issues for MLex since 2015, initially in the Hong Kong bureau and currently in London. While in Hong Kong she won two SOPA awards for her reporting on corruption in the energy sector in Indonesia. Prior to journalism she worked as a solicitor with a focus on white-collar crime litigation in London and Hong Kong. She has a BA in English and Philosophy from Newcastle University.

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