In our article entitled ‘Unexplained Wealth Orders | A Weapon On The Rise’ it was explained that ‘UK investigators and enforcement agencies are warming to the deployment of’ Unexplained Wealth Orders’ (‘UWOs’).

The National Crime Agency (‘the NCA’) has subsequently published details of the successes achieved in pursuing individuals by way of UWOs and Account Freezing Orders (‘AFOs’) having secured eighty five AFOs with a combined value of more than one hundred and eighty million pounds and restrained thirty three million pounds by way of UWOs.  

In one particular action, the NCA procured approximately ten million pounds by way of an UWO and Sukhdip Randhawa of Kangs Solicitors explains the circumstances.

Kangs Solicitors has acquired national recognition for its work in assisting clients in respect of all aspects arising under the Proceeds of Crime Act 2002 (‘POCA’), including financial restraint and cash seizure orders.

Kangs Solicitors is a leading firm providing assistance in both criminal and civil aspects of financial seizure and recovery and is recognised by both Chambers & Partners and the Legal 500 for its work in respect of such financial issues.  

For an initial no obligations discussion, please call our team at any of the offices detailed below:

The Recovery in Focus | Kangs Financial Restraint Order Solicitors

  • The NCA obtained an UWO for nearly ten million pounds against a Leeds businessman suspected of having links with organised crime.   
  • This was the first UWO obtained against an individual allegedly involved in serious organised crime and affected eight properties.  
  • Amongst the Statement, running to seventy six pages, and one hundred and twenty seven lever arch folders containing evidence served by the businessman intended to clarify the alleged legitimate provenance of the disputed funds, the NCA investigators unravelled evidence to support an even more substantial claim against him in that a further nine properties were identified.
  • The NCA maintained that the businessman had failed to comply with the requirements of the UWO and that a number of the properties were funded by criminal activity. 
  • The settlement for £9,802,828 was agreed on 24 August and the High Court sealed the Order on 2 October 2020.

How Can We Assist You? | Kangs National Financial Crime Defence Solicitors

If you are served with Financial Restraint or POCA Proceedings of any nature, it is essential that you seek immediate support and guidance from solicitors accustomed to defending clients facing such issues. 

At Kangs Solicitors we defend clients who are facing financial investigation on a daily basis including those involving POCA, cash seizure and all matters of financial restraint.

Our team is led by Hamraj Kang who is recognised as a leading expert in the field by both legal directories Chamber & Partners and the Legal 500. 

Other members of the team are ranked in the Legal 500 and also ranked in Chamber & Partners.

Please do not hesitate to contact any of the following who will be happy to discuss your problems with you:

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

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

Tim Thompson
tthompson@kangssolicitors.co.uk
020 7936 6396 0121 449 9888