Today, the unexplained wealth order report for the period 2024 to 2025 will be laid before Parliament. The unexplained wealth order report details the number of unexplained wealth orders made by the High Court in England and Wales during that period, and the number of applications made to that Court by enforcement authorities for such an order.
During this reporting period, five unexplained wealth orders were applied for, all of which were granted. Four orders were applied for by the National Crime Agency and one by the Serious Fraud Office, the first agency other than the NCA to apply for an order.
This is the highest number of unexplained wealth orders applied for in one year since their introduction in 2017. This has, in part, been facilitated by reforms to the orders in the Economic Crime (Transparency and Enforcement) Act 2022, which were designed to increase their use. Unexplained wealth orders are intended for particularly high-value and complex cases, which is reflected in their more limited use, compared to other powers. The wide range of alternative civil and criminal powers available to law enforcement agencies to investigate, search for, and seize assets are more appropriate for use in the majority of cases.
Enforcement agencies continue to review whether cases are suitable for a UWO. Copies of the report will be available in the Vote Office, and it will also be published on
www.gov.uk.[HCWS1355]