Iskander Fernandez on Unexplained Wealth Orders in Governance + Compliance
Unexplained wealth orders (UWO) are another weapon in the arsenal to target international corruption, but they raise concerns over long-standing legal principles.
Stories about £16 million shopping sprees in Harrods make for a great read but the realities of unexplained wealth orders (UWOs), as always, tell a far more nuanced story about how new powers are being implemented in order to crack down on money laundering and corruption across borders.
Governance+Compliance magazine spoke to white collar crime and investigations partner Iskander Fernandez on the implications of UWOs for corporates. Read the article in full here.