Unexplained Wealth Orders (UWO)
This Order will allow law enforcement agencies such as the SFO, NCA, FCA, HMRC and the CPS to apply to the High Court to compel an individual or company suspected of involvement in or association with serious criminality, to explain the origin of assets which appear to be disproportionate to their known income.
The Order will provide a time period in which to respond. The assets in question can be frozen during this time period to ensure that they are not sold or moved.
A failure to respond will allow the applicant to make an application for the civil recovery of those assets under the Proceeds of Crime Act 2002.
If the respondent provides false or misleading information they can be found guilty of an offence.
If you are served with a UWO you should contact ABV Solicitors immediately for professional advice and assistance.