Partner Anna Bradshaw speaks to the Association of Certified Anti Money Laundering Specialists (ACAMS) about the wider implications of Unexplained Wealth Orders (UWOs) obtained by the National Crime Agency (NCA) in support of investigations into property connected with Politically Exposed Persons (PEPs), in the wake of legal challenges made to UWOs targeting London properties owned by family members of former Kazakh President Nursultan Nazarbayev. Anna comments: “the NCA’s use of UWOs may prove to be more productive that they’ve hoped, in not just scaring regulated firms into more scrutiny of their current relationships with PEPs, but also causing considerable nervousness about past dealings that may come back to haunt them”. Read more
