4 ms·

Yeah, the UK even has Unexplained Wealth Orders specifically to combat money laundering and dirty money in general. [1] [1] https://en.wikipedia.org/wiki/Unexp

Yeah, the UK even has Unexplained Wealth Orders specifically to combat money laundering and dirty money in general. [1] [1] https://en.wikipedia.org/wiki/Unexplained_wealth_order https://en.wikipedia.org/wiki/Unexplained_wealth_order

SideburnsOfDoom 6y ago
And luxury flats for that sit empty, and a football team owned by a Russian billionaire. Laws on the books are on thing, using them is another.
- piva00 6y ago
  Yup, I'm originally from a country where it's a common saying between people that there are "laws that stick" and "laws that don't stick". The only value of a law is in its enforcement, watching the flow of oligarchs' money towards City of London tells me enforcement is still very subpar.
  - devtul 6y ago
    Funny enough in my country we have rules or laws "For the English to see", that exists only to look good but never really enforced.
- psychiatrist24 6y ago
  What is the issue with a football team being owned by a Russian billionaire? Seems like a legit investment?
  - SideburnsOfDoom 6y ago
    > Seems like a legit investment If it's legit money, sure. FYI: https://www.standard.co.uk/sport/football/chelsea-fc-roman-abramovich-putins-people-book-b925570.html https://www.standard.co.uk/sport/football/chelsea-fc-roman-a... https://www.reuters.com/article/us-chelsea-abramovich-book-idUSKBN2BF1XV https://www.reuters.com/article/us-chelsea-abramovich-book-i...
    - psychiatrist24 6y ago
      I don't understand, would Putin ordering the purchase mage it illegit? It's of course possible that Abramovich got his riches by illegal means. Nevertheless buying a football club seems like a normal thing to do (for rich people).
- wp381640 6y ago
  UWO’s are new and Abramovich has said he’s bailing on the UK I don’t think his purchase would work today
  - SideburnsOfDoom 6y ago
    Appears to be correct: > An unexplained wealth order (UWO) is a type of court order issued by a British court to compel the target to reveal the sources of their unexplained wealth. UWOs were introduced by sections 1–2 of the Criminal Finances Act 2017 > In June 2003, Abramovich became the owner of the companies that control Chelsea Football Club in West London. Both from Wikipedia

SideburnsOfDoom 6y ago

And luxury flats for that sit empty, and a football team owned by a Russian billionaire. Laws on the books are on thing, using them is another.

piva00 6y ago
Yup, I'm originally from a country where it's a common saying between people that there are "laws that stick" and "laws that don't stick". The only value of a law is in its enforcement, watching the flow of oligarchs' money towards City of London tells me enforcement is still very subpar.
- devtul 6y ago
  Funny enough in my country we have rules or laws "For the English to see", that exists only to look good but never really enforced.
psychiatrist24 6y ago
What is the issue with a football team being owned by a Russian billionaire? Seems like a legit investment?
- SideburnsOfDoom 6y ago
  > Seems like a legit investment If it's legit money, sure. FYI: https://www.standard.co.uk/sport/football/chelsea-fc-roman-abramovich-putins-people-book-b925570.html https://www.standard.co.uk/sport/football/chelsea-fc-roman-a... https://www.reuters.com/article/us-chelsea-abramovich-book-idUSKBN2BF1XV https://www.reuters.com/article/us-chelsea-abramovich-book-i...
  - psychiatrist24 6y ago
    I don't understand, would Putin ordering the purchase mage it illegit? It's of course possible that Abramovich got his riches by illegal means. Nevertheless buying a football club seems like a normal thing to do (for rich people).
wp381640 6y ago
UWO’s are new and Abramovich has said he’s bailing on the UK I don’t think his purchase would work today
- SideburnsOfDoom 6y ago
  Appears to be correct: > An unexplained wealth order (UWO) is a type of court order issued by a British court to compel the target to reveal the sources of their unexplained wealth. UWOs were introduced by sections 1–2 of the Criminal Finances Act 2017 > In June 2003, Abramovich became the owner of the companies that control Chelsea Football Club in West London. Both from Wikipedia