UK Forfeits £466,321 from Son of Moldova’s Former Prime Minister

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Friday, February 15, 2019
Author: 
Bruce Zagaris
Volume: 
35
Issue: 
2
Abstract: 

On February 7, 2019, upon the application of the UK’s National Crime Agency (NCA) the City of London Magistrates Court, District Judge Michael Snow granted forfeiture orders on Vlad Luca’s three frozen accounts, requiring the forfeiture of £466,321.72.[1] In May 2018, after NCA financial investigators suspected the funds came from illegal activity by his father, Vladimir Filat, the former Prime Minister of Moldova, and pursuant to new forfeiture provisions introduced by the Criminal Finances Act 2017, a court granted freezing orders for three HSBC accounts held by 22-year-old Vlad Luca Filat.