Property News · March 6, 2022

MPs seeking ‘fast-track’ freeze on oligarchs’ assets before formal sanctions


Amendment to the economic crime bill comes after criticism that UK has been slower to act than US or EURussia-Ukraine crisis: live newsRussian oligarchs suspected of having links to Vladimir Putin could have their UK assets seized even before the British authorities have completed formal steps to impose sanctions, under far-reaching plans tabled for debate in parliament on Monday.The move – put forward in an amendment to the economic crime bill by former Tory cabinet minister David Davis and backed by a cross-party group of MPs – would, if passed, amount to the toughest action yet to clamp down on illicit Russian cash in the UK. Continue reading…

Source : theguardian.com
Read more…MPs seeking ‘fast-track’ freeze on oligarchs’ assets before formal sanctions

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