UK says new legal guidelines will allow sooner crackdown on Russian ‘soiled cash’

Britain’s Chancellor of the Exchequer Rishi Sunak attends a digital press convention inside 10 Downing Avenue in central London, Britain March 3, 2021. Tolga Akmen/Pool through REUTERS

LONDON, March 15 (Reuters) – New British laws which got here into impact in a single day will enable the federal government to hurry up its efforts to root out Russian “soiled cash” parked in British property, finance minister Rishi Sunak stated on Tuesday.

“Our Financial Crime Act will allow us to crack down more durable and sooner on soiled cash and those that help Putin and his regime,” Sunak stated in an announcement. The laws obtained remaining approval within the early hours of Tuesday morning.

Reporting by William James, Modifying by Paul Sandle

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