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22 May 2020

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Scottish Government to introduce additional changes to the property sector

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Agents to ensure ‘newly listed’ properties fall within guidance

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Northern Irish woman suspected of involvement in serious organised crime

Wednesday 07 August 2019

The National Crime Agency (NCA) has secured an Unexplained Wealth Order (UWO) on a Northern Irish woman with suspected links to serious organised crime.

The woman, who owns six properties worth £3.2 million in total, has now been ordered to explain how she financed the purchases.

The NCA believes the woman is associated with criminals involved in paramilitary activity and cigarette smuggling.

Interim Freezing Orders have also been granted which means that these properties cannot be sold, transferred or dissipated while the investigation continues.

Andy Lewis, Head of Asset Denial at the NCA, said: “This is the fourth case in which we have obtained a UWO. Our investigations are complex and involve careful consideration before we make an application before the court.

“We do not investigate illicit finance based on monetary value alone. This latest order shows that we will act against those who we believe are causing the most harm to our communities.”

Sarah Pritchard, Director of the National Economic Crime Centre, added: “We are determined to identify and prioritise the cases which have the biggest impact on tackling serious and organised economic crime. Criminally obtained assets undermine the integrity of the UK’s economy and institutions.

“We will use all the powers available to us to target those we suspect are trying to launder money and will explore every opportunity to deny assets linked to illicit finance.”

Propertymark resources

Our members' only AML - How to comply guide will explain in more detail the steps that businesses should take to ensure compliance with the regulations. You can also pick up a printed copy at one of our workshops. 

For the latest updates, including information and guidance on the fifth Money Laundering Directive, you should attend one of our conferences or workshops

We also offer three AML courses - at foundationintermediate and advanced levels, so whatever your level of experience there will be something to suit you.