Unexplained wealth order
Incorporated into UK law in January 2018 as part of the Criminal Finances Act 2017, an unexplained wealth order is a type of court order issued by a British court to compel someone to reveal the sources of their unexplained wealth.[1] Persons who fail to account are liable to have assets seized after the National Crime Agency makes a successful appeal to the High Court. The first Unexplained Wealth Order was issued in 2018, to Zamira Hajiyeva, the wife of Jahangir Hajiyev, the former chairman of the International Bank of Azerbaijan.[2]
See also
- Interim freezing order
- Statement of Assets, Liabilities and Net worth – an annual document used to determine if government officials have unexplained wealth in the Philippines
- Politically exposed person
References
- ↑ "Circular 003/2018: unexplained wealth orders". GOV.UK. Retrieved 2018-10-10.
- ↑ Casciani, Dominic (2018-10-10). "Woman who spent £16m in Harrods revealed". BBC News. Retrieved 2018-10-10.
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