Jul
25
Mystery Banker’s Wife Fights U.K. Order on Unexplained Property
ByThe wife of an unidentified banker is fighting the U.K. prosecutor’s attempt to seize millions of pounds of allegedly improperly acquired property, asking a London judge to block one of the first-ever “unexplained wealth orders.”
Unexplained wealth orders, which came into effect in January, could overhaul how prosecutors chase assets that are thought to have been gained through crime. The onus is on the owner to show that any asset worth more than 50,000 pounds ($66,000) was funded by legitimate means, instead of a requirement for police to prove it was obtained illegally…
Mystery Banker’s Wife Fights U.K. Order on Unexplained Property
