Call us0333 370 4333
05/04/17

Criminal Finance Bill 2016/2017| Kangs Financial Fraud Solicitors

Share

Timothy Thompson of Kangs Solicitors comments further on new offences proposed by this Bill.

Unexplained Wealth Orders (UWOS) | Kangs POCA Solicitors

UWOs are to be introduced to enable law enforcement agencies to seize and investigate property of an individual, without having to first prove criminal conduct, where it is suspected that such property represents the proceeds of crime.

In effect, the presumption will be that if possession of the property in question appears to be disproportionate to the known income of the person in possession, it has been funded by the proceeds of crime.

Upon being served with a UWO, the onus will be upon the individual to explain the nature and extent of their interest, how they came to obtain it and the provenance of the funds involved.

Potential Consequences of a UWO | Kangs Confiscation Solicitors 

On the face of it, the issue of a UWO will result in:

  • The individual involved proves, on a balance of probabilities, that the asset has been funded for legitimately and the property is released; or
  • The explanation provided by the individual is unsatisfactory, the property is deemed to be recoverable property and civil recovery proceedings will follow; or
  • The Individual fails to attend to the requirements of the UWO, he is found to be held in contempt of Court and the property will be presumed to have been acquired as the result of criminal activity and therefore recoverable.

Our Expertise| Kangs POCA Proceedings Specialists

UWOs are yet to be approved by Parliament. However, we are currently and regularly instructed in respect of all existing civil recovery matters such as Cash Seizure, Asset Forfeiture, Restraint, Property Freezing Orders and Civil Recovery Proceedings

Should you or someone you know be affected by any of the above please do not hesitate to contact our team through any one of the following:

Contact

Hamraj Kang
hkang@kangssolicitors.co.uk
07976 258171 | 020 7936 6396 | 0121 449 9888

John Veale
jveale@kangssolicitors.co.uk
07779 055907 | 0121 449 9888 | 020 7936 6396

Tim Thompson
tthompson@kangssolicitors.co.uk
0121 449 9888 | 020 7936 6396 | 07710 67 77 67

Commercial Disputes, Intellectual Property Disputes
Trade secrets form an integral asset of many businesses and preserving their confidentiality is essential for maintaining a competitive advantage. A particular trade secret will normally form the foundation of the business owning it, for example, the formula for ‘Coca Cola’ or the recipe for the chicken prepared and sold by KFC. If the details […]
26/08/25
Tax & HMRC
Any UK limited company which carries out overseas business operations will normally need to include profits generated abroad to its overall company profit, which will be subject to Corporation Tax. As the company may also be subject to the imposition of foreign tax in each jurisdiction where it conducts business, there exists the potential risk […]
21/08/25
Commercial Disputes, Intellectual Property Disputes
In ongoing High Court Proceedings, in the Patents Court, Nador Cott Protection S.A.S (‘the Claimant’) is suing Asda Stores Limited and International Procurement and Logistics Limited (‘the Defendants’), for infringement of United Kingdom Plant Breeders’ Right number 28016, which concerns the Nadorcott variety of mandarin orange. This is the first time the Court has considered […]
18/08/25

Get in touch

Need legal assistance? Contact our experienced team for prompt and professional support.
Your privacy is important to us and all details you share will be kept confidential. Please note do not accept legal aid instructions.
Old map of Birmingham