Topic: Asset freezing

Enforcement statistics obtained by GIR show that the UK’s tax and customs agency is using its civil forfeiture powers to pursue increasingly large amounts of suspicious funds.

27 July 2022

A London judge has ruled that funds held in bank accounts linked to sanctioned Russian billionaire Petr Aven can be used to pay for running costs.

19 July 2022

30 June 2022

Featured in Investigator's Guide to Russia

Former federal prosecutors believe the DOJ’s decision to trade immunity for information about a yacht’s oligarch owner is a warning shot for the yacht building industry and other sectors that serve the super-rich.

24 June 2022

Some $100 million in frozen funds allegedly stolen from Ukraine and subject to a forfeiture attempt in Switzerland will only be returned if Ukraine spends them on projects that “improve the living conditions of the population”, Swiss officials said.

10 June 2022

US authorities are targeting a Boeing plane and a Gulfstream jet believed to be in Dubai and Moscow, respectively, and worth a combined estimated $410 million.

07 June 2022

One lawyer said Swiss authorities are utilising a “shortcut” to circumvent the country’s normal rules on assisting foreign prosecutors in reclaiming embezzled state funds.

27 May 2022

A London court has ordered the forfeiture of over £200,000 belonging to a purported recruitment company after prosecutors alleged the funds were the proceeds of a “sophisticated, high-value, cross-border money laundering operation”.

19 May 2022

Swiss prosecutors have closed an 11-year-long investigation into ousted president Hosni Mubarak’s “entourage” after seizing just $34 million of almost $650 million in frozen funds.

14 April 2022

A multi-agency US task force hunting Russian sanctions evaders has recorded its first asset seizure. “It will not be the last,” said the US attorney general.

05 April 2022