When it comes to unexplained wealth orders (UWOs), the UK’s much-vaunted tool to tackle criminal wealth, 2020 was a rollercoaster.…
UWO Unexplained Wealth Orders
Unexplained wealth order. Incorporated into UK law in January 2018 as part of the Criminal Finances Act 2017, an unexplained wealth order (UWO) is a type of court order issued by a British court to compel someone to reveal the sources of their unexplained wealth.
Zamira Hajiyeva was the first big spender to be slapped with an Unexplained Wealth Order. Now the Supreme Court has…
COMMENT As the US election approaches, I don’t want to depress anyone further, but it is worth remembering that Trump…
Unexplained Wealth Orders (UWO) have existed for just over two years. Brought in by the Criminal Finances Act 2017, they…
A Court Ruling that May Resonate Across the Globe The High Court in London recently struck down three “Unexplained Wealth Orders” that U.K.…
The United Kingdom has long been infamous as a money-laundering haven, with hundreds of billions of dollars in dirty money passing…
Corporates are undoubtedly versed in complying with anti-money laundering regulations but increasingly Unexplained Wealth Orders (UWOs) should be on our…
The ex-president’s daughter and grandson hold $103 million in real estate assets in London. The vast riches accrued by Kazakhstan’s…
A mansion owned by Nurali Aliyev, the grandson of Kazakhstan’s former President Nursultan Nazarbayev has been “frozen” by the U.K.’s…
A woman who blew £16m of unexplained wealth in Harrods has lost her appeal against a National Crime Agency bid…