Sentences with phrase «unexplained wealth orders»
Large and unusual deposits into bank accounts may be met by Unexplained Wealth Orders.
https://www.lawyer-monthly.com/
With unexplained wealth orders now part of UK law, Aziz Rahman assesses their likely effect and how people should respond to them.
Its various provisions include the new civil sanction of Unexplained Wealth Orders, wider powers for the police to seize cash and other property alleged to be the proceeds of crime, and the broadening of the UK's anti-money laundering regime.
Our audience of expert practitioners will take you through the new legislative landscape of unexplained wealth orders, disclosure orders and civil recovery, in this practical session focused on ensuring client compliance.
It introduces «unexplained wealth orders», which can be authorised by the High court and will force persons suspected of serious crime to explain where their wealth came from or risk having it seized.
To this extent, several measures have been initiated for the strengthening of our asset recovery legislation, investigating agencies and the Auditor - General's office, including through non-conviction based confiscation powers and the introduction of unexplained wealth orders.
The commitment as home secretary to the Anti-Money Laundering Action Plan, and confidence to confront the police about their own corruption problems, are an encouraging foundation on which other anti-corruption measures, such as Unexplained Wealth Orders in the new criminal finances bill, can build.
The government could stop turning a blind eye to people whose wealth came from foreign corruption, such as by applying new «unexplained wealth order» powers.
The Criminal Finances Act 2017 received Royal Assent on 27 April 2017 and created a new High Court power to make an unexplained wealth order (UWO), which can require a person who is suspected of involvement in or association with serious criminality or is a politically exposed person (PEP) to explain the origin of assets that appear to be disproportionate to their known income.