CAMLI Webcast Seminar - Unexplained Wealth Orders: How This New Enforcement Tool Can Impact on Reporting Entities

Webcast seminar archive — June 17, 2024

An in-depth look at Unexplained Wealth Orders (UWOs) — a new enforcement tool in the fight against money laundering and organized crime — and how they can impact reporting entities.

Date

Monday, June 17, 2024, 1:00–2:00 PM EST

Cost

$150 + applicable tax
CAMLI members receive a savings of $25 on the above pricing.

About this seminar

Unexplained Wealth Orders (UWOs) are becoming a popular tool for many countries around the world in the fight against money laundering and organized crime. In March 2023, British Columbia became the first province in Canada to introduce UWOs under the British Columbia Civil Forfeiture Act. Manitoba is currently considering following British Columbia’s lead.

The tool allows governments to force individuals tied to crime or money laundering to explain how they obtained specified assets. Assets that cannot be shown to be legitimately obtained may be forfeited. UWOs require the cooperation of a wide variety of organizations, including financial institutions, law enforcement, and government agencies, to operate effectively.

This webcast seminar explains UWOs in detail, provides overviews of the cases currently before the courts that are utilizing the tool, and describes ways in which information may be requested when UWOs are issued.

Presenter

Katelyn MacKellen
Consultant, Asset Recovery and Crypto Investigations
Victoria, British Columbia