Following on from the Anti-Corruption Summit earlier this year, the Criminal Finances Bill has been introduced.
The Bill could bring significant powers to law enforcement combatting terrorism financing and the laundering of corrupt funds in the UK through the purchase of property and high-value assets. The sharing of information between regulated companies may also become a little easier.
Here's hoping that the law enforcement and prosecuting authorities have the resources and assertive attitude required to flex these new-found muscles.
The Criminal Finances Bill was introduced to the House of Commons on 13 October 2016. It will significantly improve the government’s ability to: tackle money laundering and corruption recover the proceeds of crime counter terrorist financing