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UK Serious Fraud Office’s first use of Criminal Finances Act tool nets £1.5 million
Britain’s Serious Fraud Office (SFO) has secured the forfeiture of £1.52 million over a fraudster’s properties using new powers under the 2017 Criminal Finances Act.
- Shared by KYC360
- March 22, 2019
The properties were originally purchased with fraudulently obtained cash by Birmingham-based Nisar Afzal (61), who fled Britain for Pakistan in the mid-2000’s, according to the SFO.
Read more at the KYC360