Exclusive: Westminster looking at compulsory purchase orders to tackle laundering of ‘dirty money’Homes acquired with “dirty money” in the richest parts of London could be seized and turned into affordable housing under plans to crack down on oligarchs using Belgravia, Knightsbridge and Mayfair “to rinse their money”.Labour-controlled Westminster city council is examining the use of compulsory purchase orders in extreme cases where it finds properties are not being used for their stated purpose, as part of a push to “combat the capital’s reputation as the European centre for money laundering”. Continue reading…
Source : theguardian.com
Read more…London council could seize oligarchs’ homes for affordable housing
