In 2018 the National Crime Agency was granted a new investigative power in its fight against financial crime: the Unexplained Wealth Order.
Donald Toon, Director for Economic Crime at the National Crime Agency has described the power as ‘having the potential to significantly reduce the appeal of the UK as a destination for illicit income. They enable the UK to more effectively target the problem of money laundering through prime real estate in London and elsewhere. We are determined to use all of the powers available to us to combat the flow of illicit monies into, or through, the UK.”
|Thursday 14 March 2019
|6:30pm - 8:00pm
|Garden Court Chambers
This seminar will set out the fundamentals of this emerging area of law.
Topics to be covered:
- Background and legislation: an explanation of the introduction of these new powers and the legislative framework enacted;
- Who are they targeted at? Considering the case of Hajiyeva as well as identifying others who may be subject to applications;
- Predictions: how to respond to applications; where might legal challenges lie; the human rights angle;
- How we can help.