UK's first unexplained wealth order recovers £1.1 million

The UK Serious Fraud Office's (SFO) first unexplained wealth order (UWO) under the Criminal Finances Act 2017 has allowed it to claw back UK£1.1 million (US$1.5 million) in ill-gotten gains from a fraudulent investment scheme.

By Sara Lewis

The UK Serious Fraud Office's (SFO) first unexplained wealth order (UWO) under the Criminal Finances Act 2017 [1] has allowed it to claw back UK£1.1 million (US$1.5 million) in ill-gotten gains from a fraudulent investment scheme.