UNEXPLAINED WEALTH ORDERS

An Unexplained Wealth Order requires the person, who is the subject of that Order, to provide information to explain their personal interest in high valued assets, property or the like. The individual will be compelled by a government agency (HMRC, SFO, FCA, NCA and the CPS to provide details and reveal the source of wealth used to acquire the asset. UWO’s can be made in respect of any assets valued at £50,000 and over. The asset does not have to be held in the UK for an Unexplained Wealth Order to be made against an individual. The Order can be made with or without notice to the individual.

Government agencies can attempt to freeze individuals’ assets under the Proceeds of Crime Act 2002 by using an interim freezing order to prevent the dissipation of the assets whilst an Unexplained Wealth Order is being pursued. This can be done with or without notice to the individual.

It is imperative that you seek advice, if you have received notification of an Unexplained Wealth Order and/ or an Interim Freezing Order.

Pavidus Legal will recommend only the highest quality lawyers with outstanding success rates to assist with speed and haste