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Luxury homes that have been bought with ‘dirty money’ could be seized


Clampdown on oligarch mansions: Luxury homes that have been bought with ‘dirty money’ in the wealthiest parts of London could be seized and transformed into affordable housing

  • Westminster is examining use of compulsory purchase orders to seize homes
  • It has seen a 1,200 per cent rise in the number of homes registered to Russians
  • However, the authority faces major obstacles including a dearth of transparency 

Oligarch mansions bought with ‘dirty money’ in the wealthiest parts of London could be seized and transformed into affordable housing as part of a new crackdown on money laundering.  

Westminster city council is examining the use of compulsory purchase orders if it finds properties in areas including Belgravia,…



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Written by Bourbiza Mohamed

A technology enthusiast and a passionate writer in the field of information technology, cyber security, and blockchain

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