June 04, 2026
Sarah Cooke says £250mn in UK-based assets has been frozen since June last year
He says multiple countries have agreed in principle
He warns that "a lot of banks are practically bankrupt" without urgent recovery
Efforts to exchange information, identify assets, and strengthen mutual legal assistance are being intensified, says Tarique
The finance ministry has not disclosed which countries or individuals’ assets have been frozen
Recovered funds will earn commission for banks, central bank spokesperson says
Destinations of funds mapped, and legal steps are under way to bring the money back, Salehuddin says
He hopes UK action pushes other nations to trace laundered funds
