UK's most serious criminals avoid handing over £2bn in crime assets

As featured in Daily Telegraph

Financial Crime


‘Most confiscation orders come with default jail sentences which kick in if the criminal fails or refuses to pay. But Helena Wood, who reviewed the orders for the Royal United Services Institute (RUSI), cited cases of crime bosses paying over £40,000 a year in school fees while ignoring multi-million confiscation orders, or choosing to serve the default prison sentence rather than pay money back.... "The main sanctions for not paying orders – default sentences of up to 10 years and an additional eight per cent interest placed on the amount owed – do not work," said Ms Wood.’