Financial Crime Financial Crime

Single UK unexplained wealth order sought in six months since dirty-money law changes

By Martin Coyle
  • 20 Oct 2022 16:13
  • 20 Oct 2022 16:13
Since the UK toughened its laws on dirty money flows six months ago, only one attempt has been made to use a tool to force the owner of suspect assets to account for them, security minister Tom Tugendhat told lawmakers yesterday.

Law enforcement agencies had filed a single application for an

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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.

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