Unexplained Wealth Orders regime and new disclosure powers for use in money laundering investigations that regulators will receive. Unexplained Wealth Orders: Explain An Unexplained Wealth Order (UWO) is an order granted by the High Court at the application of an enforcement authority relating to the specific property. A UWO requires the respondent to provide a […]

The Criminal Finances Bill brings with it the most fundamental changes to proceeds of crime legislation for many years. Many may be unprepared for the extent to which the new Unexplained Wealth Orders (UWO) will entitle authorities to freeze assets of above £100,000 without notice, and if a sufficient explanation for their provenance is not […]