Corruption, especially among politicians and business moguls with ties to political figures, has become a problem in many countries around the world. Last November, Saudi Arabia, for example, seized hundreds of citizens who were suspected of corruption.
It appears Britain will be adopting a similar stance. The security minister, Ben Wallace, has told journalists that he wanted the “full force of the government” to bear down on criminals and corrupt politicians using Britain as a playground and haven.
He warned, “When we get to you we will come for you, for your assets and we will make the environment that you live in difficult.”
It is estimated that about £90 billion of illegal cash is laundered in Britain every year.
Government officials are therefore preparing to use new enabling orders, which came into effect this week, allowing them to seize suspicious assets until those under investigation can properly account for their acquisitions. Dozens of targets have been identified, with two test cases being readied.
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