Narita Bahra KC & Nick James of 33 Chancery Lane were instructed by Simon O’Meara to act for a high-profile client in Confiscation proceedings.
The Times reported on the case which received international media coverage.
British Citizens In The UAE: Increased Scrutiny of British-Linked Assets in Dubai
The United Arab Emirates (UAE), in particular Dubai, has become an attractive destination for purchasing property with minimal scrutiny, largely due to a land registry that made uncovering ownership almost impossible. This has led to enquiries as to whether significant investment is from questionable sources, including criminal funds. A string of high-profile cases where assets were overlooked has meant the NCA and other law enforcement agencies are targeting British-linked assets in the UAE, with a focus on Dubai. The Financial Action Task Force has noted the UAE’s significant progress and cooperation with the UK is improving all the time. This will result in a surge of asset recovery operations and the reopening of confiscation proceedings, with the owners of the property required to prove that the source of the funds was legitimate.
These are specialist areas of law and, if you believe your assets could be affected, it’s crucial to seek expert legal advice as soon as practicable in the UK.
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