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£100 million Account Freezing Orders “largest granted” to National Crime Agency

The National Crime Agency (NCA) has been granted Account Freezing Orders (AFOs) on eight bank accounts containing a total of more than £100 million which is suspected to have been derived from bribery and corruption in an overseas nation. The AFOs were obtained at Westminster...
Posted On 14 Aug 2019
Syedur Rahman
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Are Bribery and Corruption Being Overlooked by UK Authorities?

A new report published by the Fraud Advisory Panel alleges that the authorities are overlooking bribery and corruption in the UK. Syedur Rahman argues that, while some criticism is justified, the real picture isn’t quite so clear cut. According to the Fraud Advisory Panel,...
Posted On 24 Jul 2019
Aziz Rahman
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2019: The Year of the Unexplained Wealth Order?

With the National Crime Agency (NCA) having stated that the organisation is presently looking at upwards of 100 possible targets for Unexplained Wealth Orders (UWOs), Aziz Rahman considers the implications and asks whether this could be the year when UWOs really come of age. The...
Posted On 18 Feb 2019
Evan Wright
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Unexplained Wealth Orders: The Route Towards Greater Impact

Thursday 31 January witnessed the one-year anniversary of Unexplained Wealth Orders (UWOs), which were introduced to help authorities identify and seize property suspected to have been bought by laundered criminal funds. They hit the headlines last year following the arrest of...
Posted On 04 Feb 2019
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Criminal Finances Bill receives Royal Assent to tackle money laundering and corruption

The Criminal Finances Act 2017 will give law enforcement agencies and their partners further capabilities and powers to recover the proceeds of crime, tackle money laundering, tax evasion and corruption and combat the financing of terrorism. The Act of Parliament creates...
Posted On 03 May 2017