'Dirty Money' Powers Need Case Law, UK Crime Agency Says

Law360, London (May 14, 2019, 5:11 PM BST) -- More case law is needed to establish precedent before economic crime bodies can feel confident using new anti-corruption powers to force individuals to explain the source of their suspect wealth, the head of Britain’s crime-fighting agency said Tuesday.

So-called unexplained wealth orders require wealthy individuals to explain how they can afford their assets or risk having them seized by authorities. But Lynne Owens, director general of the National Crime Agency, said that a drawback of the new weapon is that its targets can finance expensive and protracted legal challenges to the orders in the civil courts.

“We don’t want to expose the...

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