Unexplained Wealth Orders: An Explanation, Assessment and Set of Predictions

This article examines unexplained wealth orders (UWOs)—a new investigative power introduced by the Criminal Finances Act 2017. In detail, it describes both the law and the rationale behind this new addition to the arsenal of anti-money laundering. It then identifies and considers the potential obsta...

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Bibliographic Details
Published in:Journal of criminal law (Hertford) 2018-06, Vol.82 (3), p.232-244
Main Author: Sproat, Peter
Format: Article
Language:English
Online Access:Get full text
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Summary:This article examines unexplained wealth orders (UWOs)—a new investigative power introduced by the Criminal Finances Act 2017. In detail, it describes both the law and the rationale behind this new addition to the arsenal of anti-money laundering. It then identifies and considers the potential obstacles to the use of the new investigative order. Finally, in the light of these factors, it attempts to predict the nature and extent of the use of UWOs in the next decade.
ISSN:0022-0183
1740-5580
DOI:10.1177/0022018318773210