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 is known for her fraud, civil recovery, arbitration 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.