What is the Unexplained Wealth Order?
A woman who spent nearly £16m over a decade in Harrods and once spent £150,000 in a single day became the first target of the recently-introduced Unexplained Wealth Order (UWO). Under this provision of the Criminal Finances Act, which came into force on 31 January 2018, the Azerbaijan international, Zamira Hajiyeva, must give proof of how […]
Are public beneficial ownership registers coming to the Crown Dependencies?
UK’s Sanctions and AML Act 2018 The UK’s Sanctions and Anti-Money Laundering (AML) Act 2018 is a legislative framework that strengthens the country’s ability to implement sanctions and AML measures. The act provides the legal basis for the UK government to impose and enforce sanctions on individuals, entities, and countries deemed to pose a threat […]
