Out-Law on 27th July published an article saying that the wife of a jailed banker has lodged a legal challenge against an ‘unexplained wealth order’ obtained against her by the NCA.  The orders were only introduced earlier this year, and the first 2 were announced in February.  Now, according to the BBC, the appeal relates to assets owned by ‘Mr A’, an unnamed former state banker from a country outside the EEA who was jailed overseas for fraud, who’s wife had one of the orders made against her.  She rejected claims made by the NCA that Mr A had used stolen funds to buy 2 UK properties and instead said the properties had been bought using money earned through Mr A’s legitimate overseas business dealings.

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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