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What you need to know: Unexplained Wealth Orders
Unexplained Wealth Orders (UWO) came into force in January 2018 to help authorities identify and seize property suspected to have been bought by laundered criminal funds, most commonly from foreign sources.
In the below infographic, we explain what is entailed in a UWO, why they were introduced, when they are issued, who grants them, and what happens if you were to become subject to one.
We also explore the legal implications of UWOs, and the concerns raised by them among the legal community. If you need any help regarding a UWO, JMW’s business crime team can provide the expert advice and guidance you need.