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Rapid Response Team: 0800 559 3500
Switchboard: +44 (0)203 947 1539
Rapid Response Team: 0800 559 3500
Switchboard: +44 (0)203 947 1539

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

Author: Nicola Sharp  20 October 2020

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.

Nicola Sharp C 0424

Nicola Sharp

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nicola.sharp@rahmanravelli.co.uk
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Specialist Areas of Practice: International Regulation and Corporate Crime, Fraud and Business Crime, Civil Fraud, Corporate Investigations

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