THE NATIONAL Crime Agency (NCA) yesterday said it had secured an unexplained wealth order (UWO
) against a Northern Irish woman with suspected paramilitary and organised crime links.
Mrs Hajiyeva tried unsuccessfully to overturn one of the UWOs
UK authorities have said that the pipeline of potential UWOs
numbers approximately 90 to 100, and the Home Office Impact Assessment (conducted before UWOs
came into force) anticipated around 20 applications per year.
In October, it was revealed that the first target of a UWO
was the wife of a jailed Azeri banker from whom the authorities seized property worth about 22 million pounds.
Mrs Hajiveya was the subject of the first two UWOs
in UK legal history when questions were asked about two properties she owned worth [pounds sterling]22 million.
The Hajiyeva case is believed to be one of the first uses of UWOs
To avoid these difficulties, the 2017 amendments to POCA introduced the concept of unexplained wealth order, or UWO
, which is an investigation order issued by the high court upon satisfaction of certain tests.
are civil investigative powers that are aimed at tackling those who use the UK as a destination for money laundering, or as a destination for those who wish to spend their ill-gotten gains.
When a new law called the Unexplained Wealth Orders (UWO
) was introduced earlier this year, reports in Pakistan said that it will apply to former prime minister Nawaz Sharif and his sons Hasan and Hussain Nawaz but UK authorities have confirmed that the UWO
will apply only to PEPs who are not British nationals and not from the European Economic Area (EEA).
What this means is that if there is a shadow of a doubt over how someone acquired a property in the UK, the authorities can use UWOs
to get the owner to provide a statement to explain how he came about the funds to buy the property.
ISLAMABAD -- Pakistan Tehreek-e-Insaf (PTI) chief Imran Khan has questioned that implementation of Unexplained Wealth Orders (UWOs
) law is international conspiracy against Nawaz Sharif and his children.
Officials will use new unexplained wealth orders (UWOs
) - which came into effect this week - to seize suspicious assets and hold them until they have been properly accounted for.