Question to the Home Office:

To ask His Majesty's Government how many unexplained wealth orders have been made since July 2024.

The Economic Crime and Corporate Transparency Act 2022 requires that the Home Office publish an annual report that sets out the number of unexplained wealth orders (UWOs) both applied for and obtained in a given period. The Act also sought to strengthen UWOs by enabling UWOs to be sought against property held in trust and other complex ownership structures, increasing the time available to law enforcement to review material provided in response to a UWO and reforming cost rules.

The previous report for the period May 2023-2024 can be found here. It states that two UWOs were applied for with one UWO obtained whilst the other had not received a judicial decision during the reporting period. A UWO applied for in the 2022-2023 reporting period was also obtained. The next report, covering May 2024 to May 2025 will be published shortly and, as per the Act, will set out the number of UWOs applied for in the period by relevant law enforcement agencies, as well as the number of orders made by the High Court.