UK Bill to Help Seize Crypto in Criminal Cases Gets Lords’ Approval

A new bill
that seeks to empower agencies in the United Kingdom to seize and freeze
cryptocurrency in money laundering
Money Laundering

Money laundering is a blanket term to describe the process by which criminals disguise the original ownership and proceeds of criminal conduct by making such proceeds appear to be derived from a legitimate source.Money laundering is an issue that traverses countless industries and sectors, which includes the financial services space. Though criminal money may be successfully laundered without the assistance of the financial sector, billions of dollars’ worth of criminally derived money are laund

Money laundering is a blanket term to describe the process by which criminals disguise the original ownership and proceeds of criminal conduct by making such proceeds appear to be derived from a legitimate source.Money laundering is an issue that traverses countless industries and sectors, which includes the financial services space. Though criminal money may be successfully laundered without the assistance of the financial sector, billions of dollars’ worth of criminally derived money are laund
Read this Term cases has received the approval of the Parliament’s
upper chamber. The Economic Crime and Corporate Transparency Bill, which was first introduced in September last year, entered
one of the final stages towards becoming law today (Tuesday) after it was
passed by the House of Lords.