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UK Crime Agency Books 2nd Victory In Unexplained Wealth Order Case

By Koos Couvée

A senior judge's dismissal of the latest legal challenge to the U.K.'s first unexplained wealth order will help cement the power as a tool for investigating illicit finance in Britain, investigators said Wednesday. Introduced under the Criminal Finances Act 2017, UWOs allow the government to confiscate assets worth more than £50,000 from suspected criminals and politically exposed persons, or PEPs, from outside the EU, who fail to demonstrate that the funds used to acquire them have a legitimate origin. On Wednesday, a panel of three judges led by Ian Burnett, lord chief justice of England and Wales, rejected an appeal...

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