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Prove It or Lose It! Part III: A Step Too Far? Account Freezing Orders & Account Forfeiture Orders in the UK

By Anne-Marie Ottaway, Barry Vitou & Gareth Hall on November 29, 2018
Posted in account freezing order, Anti-Money Laundering, Litigation, Unexplained Wealth Order, United Kingdom, white collar

The U.K.’s Criminal Finances Act 2017 provides law enforcement with new powers to obtain orders to freeze bank accounts and apply for forfeiture orders, permanently depriving the account holder of the funds contained in the account. These draconian new powers have received little publicity and contain fewer safeguards than unexplained wealth orders and the civil…

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