Associate Celia Marr discusses Unexplained Wealth Orders and Account Freezing Orders in the Law Society Gazette
The Criminal Finances Act 2017 (CFA) created two new powers for enforcement authorities in their efforts to commandeer assets that may be associated with criminal conduct. The Unexplained Wealth Order (UWO) and the Account Freezing Order (AFO) are subject to distinctly lower thresholds than their predecessors, and create novel opportunities for the UK authorities to freeze and, ultimately, forfeit the proceeds of crime. Read more.
Of Counsel Emma Ruane and Trainee Solicitor George Pizzey also contributed to this article.