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Money laundering network boss hit with multi-million pound confiscation order
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Money laundering network boss hit with multi-million pound confiscation order

The ringleader of a money laundering group that smuggled tens of millions of pounds of criminal cash out of the UK has been hit with a confiscation order. Abdullah Alfalasi was given the order totalling £3,496,778.68 following a National Crime Agency investigation into his finances. The 48-year-old Emirati national was previously convicted of co-ordinating a...

We need a Blair-Osborne Act to stop ex-MPs shilling for foreign rulers
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We need a Blair-Osborne Act to stop ex-MPs shilling for foreign rulers

The nexus between government, business and overseas money is becoming ever tighter. At this rate, it won’t be long before George Osborne buys a stately home to rival that of Tony Blair. The former chancellor bagged his 13th job this week: he has been recruited as an adviser to Coinbase, a cryptocurrency outfit. All this...

Why ‘Following the Money’ Isn’t Enough to Stop Organised Crime Anymore
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Why ‘Following the Money’ Isn’t Enough to Stop Organised Crime Anymore

The way many organised crime gangs launder their cash has become so hard to trace that following the money “gets you absolutely nowhere”, according to the UK’s National Crime Agency. When they are not using major high street banks as giant drug cash laundromats, organised crime groups such as drug traffickers are increasingly using international networks of...

Wealthy Russian investors are snapping up luxury properties in Dubai amid Western sanctions, a report says
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Wealthy Russian investors are snapping up luxury properties in Dubai amid Western sanctions, a report says

Wealthy Russians are flocking to Dubai’s real estate market as Western sanctions prompt them to look at alternative destinations for their luxury property purchases, The Observer reported on Saturday. Individuals with money tied to Russian financial institutions have been purchasing properties and leasing apartments in Dubai, which has not imposed financial sanctions against Russia in the weeks...

Wealthy Russian investors are snapping up luxury properties in Dubai amid Western sanctions, a report says
Post

Wealthy Russian investors are snapping up luxury properties in Dubai amid Western sanctions, a report says

Wealthy Russians are flocking to Dubai’s real estate market as Western sanctions prompt them to look at alternative destinations for their luxury property purchases, The Observer reported on Saturday. Individuals with money tied to Russian financial institutions have been purchasing properties and leasing apartments in Dubai, which has not imposed financial sanctions against Russia in the weeks...