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UWOs 'yet to have desired impact,' UK House of Commons warns

( January 8, 2021, 11:52 GMT | Official Statement) -- MLex Summary: Unexplained Wealth Orders have "yet to have the desired impact" in stemming the flow of dirty money across the UK, a House of Commons report has acknowledged. UWOs provide an opportunity for law-enforcement agencies to seize assets without having to prove they are the proceeds of criminal activity. Despite UWOs now having been at agencies' disposal for three years, their use "has been limited so far, having only been obtained in four cases as of December 2020," the research briefing report warned.Statement follows, the report is attached....

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