Legal Director Nicola Sharp assesses the effectiveness of unexplained wealth orders so far for Business Leader

Author: Nicola Sharp 20 October 2020

Posted in: Unexplained Wealth Orders.

Rahman Ravelli’s Nicola Sharp wrote an assessment of unexplained wealth orders and their use by the National Crime Agency.

In the latest unexplained wealth order (UWO), Leeds businessman Mansoor Mahmood Hussain surrendered property worth just short of £10M, after being accused of acting as a money launderer. He had been compelled to give up the assets because the National Crime Agency (NCA) believed his wealth was the proceeds of crime.

Nicola’s article examined how UWOs can be applied for by law enforcement agencies and their effectiveness since they were introduced into law by the Criminal Finances Act 2017. She also emphasised that challenges can be mounted to a UWO by any individual who is a target of one.

Her piece featured on the Business Leader.

< Previous Senior Partner Aziz Rahman gives Thomson Reuters his assessment of the Egmont Group’s recommendations for tackling tax-related money laundering

Next > Retailer Sports Direct has lost its lengthy legal argument with the Financial Reporting Council about documents being covered by privilege

Next >

Nicola Sharp

Partner

nicola.sharp@rahmanravelli.co.uk
+44 (0)203 910 4567 vCard

Download Profile PDF

View Profile

Nicola is known for her fraud, civil recovery and business crime expertise, her experience of leading the largest financial disputes and multinational investigations and her skills in devising preventative measures and conducting internal investigations for corporates.

Share this article on

Legal Director Nicola Sharp assesses the effectiveness of unexplained wealth orders so far for Business Leader

Related Expertise

Nicola Sharp