OPINION | The Law Commission’s reform of the confiscation regime (UK)
Tony McClements, managing director of investigations at MKS, welcomes the review of the confiscation regime announced by the Law Commission in the UK.
The Future Of Unexplained Wealth Orders
UWOs were intended to empower UK law enforcement agencies to attack the UK-based assets of high-net worth individuals with shady pasts who owned assets of questionable origin. They could also be used to target UK-held assets of politically exposed persons (PEPs) suspected of grand corruption in their home states.
Legitimate cannabis investors face massive tax and legal headaches
We now have a situation where businesses legally selling cannabis in certain US states are being barred from placing the funds from those sales into federal banking systems.