SFO UK combing through cases for signs of 'unexplained wealth' after implementation of new powers

David Green CB QC, Director of the Serious Fraud Office (SFO), Britain’s leading fraud prosecutor, says he is combing through his case load to detect signs that criminals are using the country to hide illicit wealth, as new powers come into effect that allow authorities to seize the proceeds of “dirty money”. 

London has long been seen as a favoured destination for corrupt cash. Transparency International, an anti-corruption group, says it has identified 4.4 billion pounds worth of property in Britain that should be considered as possible candidates for the new Unidentified Wealth Order (UWO) powers. 


For article go to:
https://uk.reuters.com/article/uk-britain-fraud/uk-fraud-prosecutor-combs-through-cases-for-signs-of-unexplained-wealth-idUKKBN1FK2QI

To watch David Green's interview about these new powers and how they may apply, go to:
https://rusi.org/event/discussion-david-green-cb-qc