The UK National Crime Agency has secured agreements to recover around £55m in assets from two suspected international money launderers, following investigations into funds allegedly moved through an overseas gambling and scam network. High Court-approved settlements, dated 12 November, follow investigations that included Unexplained Wealth Orders and the freezing of UK assets. The NCA obtained orders in April and July 2025 and froze about £45m of the first man’s UK assets, including cash, real property and alcohol. The NCA says the first suspect, a convicted figure in Singapore connected to an international organised crime network, will surrender 75% of assets worth £35,187,285. The package includes two London properties, one on Oxford Street and another in adjacent Princes Street, plus £2,607,700 of rental income and £300,000 held in a bank account. A second man, also linked to the same network and wanted by Singapore authorities, settled after an Unexplained Wealth Order was secured in June 2026. The NCA says he bought 16 newbuild London flats worth £24.7m in a Soho development in 2023 without mortgages, via two UK limited companies set up to purchase the properties, with him identified as the ultimate beneficial owner. Under the settlement, the NCA will sell the identified properties and keep 75% of the proceeds, along with an additional £1.2m representing rental income. The settlement is worth £19,771,175 to the NCA, with the respondent receiving the remaining 25% after the NCA’s selling costs. The NCA said the two settlements mean it seized about £75m in assets from the same international organised crime network in a 12-month period, following earlier recovery action that included assets worth more than £20m. The latest status is that the High Court approved the settlements after the NCA obtained Unexplained Wealth Orders and secured the recovery through asset denial proceedings.