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Criminal Finances Act 2017: New tools for UK government in fight against economic crime
Marcus Pallot and Julia Schaefer examine the effectiveness of new powers including unexplained wealth orders ‘The effects of the unexplained wealth order (UWO) are punitive, and failure to comply gives rise to a rebuttable presumption that the property is recoverable as the proceeds of crime.’ The UK Criminal Finances Act 2017 (the CFA) has been …