UK puts money laundering squarely in its crosshairs

London

THE United Kingdom will allow its law enforcement agencies to target "unexplained wealth" and seize the UK assets of dictators and human rights abusers, even for offences committed overseas.

This week, the House of Commons passed the third reading of the Criminal Finances Bill with a unanimous vote - heralding a draconian antidote to endemic money laundering and tax evasion over the years.