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.
Disclaimer: This document does not present a complete or comprehensive statement of the law, nor does it constitute legal advice. It is intended only to highlight issues that may be of interest to clients of BLM. Specialist legal advice should always be sought in any particular case.