Human Rights Abusers Who Buy London Homes Could Have Their Assets Seized
Human rights abusers who use the London Property market to conceal their wealth could soon have their assets frozen as part of a bill put forward by parliament backbenchers.
The law, which could come into force as soon as Spring 2017 will introduce a clause into the Criminal Finances Bill that allows officials and organisations such as Amnesty International to apply to freeze assets that were bought by people outside Britain who have been found guilty of Human Rights abuses.
The amendment will be named after Russian Lawyer Sergi Magnitsky, who died in a Moscow jail in 2009 after blowing the whistle on a £181 million fraud carried out by leading Kremlin Officials.
To find out more about the bill, see this article in the Guardian