Anti-mafia style powers would allow British prosecutors to seize £1bn of suspect assets from oligarchs and kleptocrats, researchers have said.
The Royal United Services Institute (RUSI) today says ministers seeking to halt the flow of dirty money into the UK should consider adopting laws like those used by Italian authorities to smash organised crime networks.
These would allow investigators to confiscate property and other assets if they can show that oligarchs and kleptocrats are a national security threat because of their association with corrupt governments and individuals.
The argument in favour of the anti-mafia style laws – like RICO – was that there was no other way to break the mafia networks. That turned out to mean that RICO was expanded, expanded and expanded so that no man’s property was safe. As if the legislature were in permanent session.
The argument that this won’t happen again, so that any foreigners’ cash was fair game, is what?
Quite, bugger off.