The UK’s National Crime Agency has been defeated in a UK court in its bid to uphold an Unexplained Wealth Order (UWO) against Azerbaijani businessman AzNurali Aliyev’s three London properties worth over £80 million.
The High Court ruled yesterday (08/04/2020) in favour of the respondents to the three UWOs, secured by the NCA in May 2019, and discharged the orders. The NCA disagrees with the judgment and will appeal.
The details of this case are concerned with the ability of law enforcement to use UWOs to compel individuals to detail the source of funds used to purchase assets that they hold. This is distinct from w...
