Our Website Uses Cookies 


We and the third parties that provide content, functionality, or business services on our website may use cookies to collect information about your browsing activities in order to provide you with more relevant content and promotional materials, on and off the website, and help us understand your interests and improve the website.


For more information, please contact us or consult our Privacy Notice.

Your binder contains too many pages, the maximum is 40.

We are unable to add this page to your binder, please try again later.

This page has been added to your binder.

NCA Gets 4th Unexplained Wealth Order In Steady Ramp-Up

July 31, 2019, Law360

Ian Hargreaves spoke with Law360 about unexplained wealth order enforcement by the NCA, specifically its fourth such case. One reason the NCA may only have used four unexplained wealth orders so far is that they require some work to carry out, according to Mr. Hargreaves. He says, “However, as those utilizing them become more familiar with the process their use may increase." He adds, "For many years the U.K. has been criticized (especially the property market in London) for allowing too much 'dirty' money to pass through its financial systems and for proceeds of crime to reside in expensive property in London. UWOs may act as a warning sign to criminals that it may no longer be easy to hide assets in the U.K. and to launder their ill-gotten gains through the U.K."

Share this article: