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Unexplained Wealth Orders (UWOs) UK Criminal Finances Act 2017 Money Laundering

Ballard Spahr LLP

U.K. Court Strikes Down “Unexplained Wealth Orders” By Parsing Facts and Making Value Judgments About Meaning of Corporate...

Ballard Spahr LLP on

A Court Ruling that May Resonate Across the Globe - The High Court in London recently struck down three “Unexplained Wealth Orders” that U.K. law enforcement had hoped would foil an alleged money laundering scheme by...more

WilmerHale

Unexplained Wealth Orders: More Bark Than Bite (So Far)

WilmerHale on

The UK National Crime Agency (“NCA”) has successfully resisted a challenge to the issue of its first Unexplained Wealth Orders (“UWOs”). The victory comes shortly after the agency announced its intention to expand the use of...more

Orrick, Herrington & Sutcliffe LLP

An Introduction To The UK's Unexplained Wealth Orders

Law enforcement authorities in the U.K. have obtained a new instrument in their fight against crime. Starting Jan. 31, 2018, U.K. enforcement authorities can apply for court orders against individuals suspected of being...more

Orrick, Herrington & Sutcliffe LLP

UK introduces new "unexplained wealth orders"

From 31 January 2018, UK enforcement authorities may apply for court orders against persons suspected of being involved in or connected to serious crime or "politically exposed persons" ("PEP") outside the European Economic...more

Cadwalader, Wickersham & Taft LLP

UK Criminal Finances Act 2017 Commences with New Tax Evasion Offences, Anti-Money Laundering Rules, and Asset Forfeiture...

On 30 September 2017, Part 3 of the UK Criminal Finances Act 2017 (the “CF Act”) came into force creating new corporate offences for failing to prevent the facilitation of UK or overseas tax evasion. Similar to the standard...more

Dechert LLP

UK Criminal Finances Act 2017: A Dechert "Dirty Money" Trilogy: Part Three "The Good, The Bad and The Wealthy" - The New...

Dechert LLP on

The Criminal Finances Act 2017 (the “Act”) represents a further significant development in the approach to the investigation and prosecution of financial crime in the UK1. The new offence of failure to prevent the...more

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