UK Foreign Banker Charged with Embezzlement in Wealth Order

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One of the principal beneficiaries of an unexplained wealth order (UWO) is appealing the decision in court. The unidentified lady is the spouse of a previous chief of an overseas state-claimed bank, who is serving a prison sentence abroad for misappropriation and embezzlement.

The UK National Crime Agency asserts he exploited the stolen currency to purchase UK property for himself and his wife, and in February 2018, who served him with the UWO under arrangements of the Criminal Finances Act 2017 that also came into regulation in January earlier this year.