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NCA seizes three London properties with unexplained wealth orders

The UK National Crime Agency (NCA) has seized three London residential properties under a power granted in 2018 targeting suspicious individuals who can’t explain the origins of their wealth.

  • Shared by KYC360
  • May 31, 2019
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In a statement Wednesday, the NCA said that the high-end properties had originally been purchased for £80 million by offshore companies and were tied to a politically-connected individual believed to have committed serious criminal offences. The UK High Court approved the NCA’s unexplained wealth orders (UWOs) last week, marking the second time the agency has formally secured use of the law enforcement tool.

Read more at KYC360

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