Unexplained Wealth Orders: How might this new investigative tool affect you?

Posted on February 20, 2018
Archive : February 2018
Category : Herbert Smith Freehills

Unexplained Wealth Orders: How might this new investigative tool affect you?

by Fahmida Chowdhury

From 31 January 2018, UK authorities can use new and expansive investigative powers to require both individuals and corporate bodies to provide information as to how they acquired property. Known as Unexplained Wealth Orders ("UWOs"), these new obligations to disclose information can apply to property anywhere in the world and can be served on persons outside the UK. This briefing considers the legal framework behind UWOs, their interaction with other criminal and civil regimes, and the practical implications of UWOs on individuals, institutions and trustees. Read more of this post

RECENT POSTS
CATEGORIES
ARCHIVES