A challenge against an Unexplained Wealth Order (UWO) by a wealthy banker's wife has been dismissed by the high court, meaning she could lose millions of pounds in UK property assets.

Mrs A, who cannot be named for legal reasons was issued with an UWO in February 2018 after the National Crime Agency successfully applied for explanations to be provided as to how properties in the South East of England, valued in the region of £22 million, had been funded and purchased. Mrs A, a Political Exposed Person from a Non EEA country, sought to challenge the Order and the ruling yesterday dismissed that challenge in full.

The N...