Unexplained Wealth and Financial Crime

Folashade Adeyemo is Senior Lecturer in Commercial Law at the University of Liverpool, UK. Fola is a leading academic in the commercial law space, and her areas of interest are in banking and financial regulation (focusing largely on the Global South region) and whistle-blower protection (focusing on both the Global South and the Global North). Fola has also published in the area of financial crime.Nicholas Ryder is Professor of Financial Crime at the University of Cardiff, UK. He has conducted policy-oriented research in financial crime and has played advisory roles both nationally and internationally. He has published extensively in the area of financial crime.

“This timely book offers a compelling exploration of unexplained wealth as a rising concern in financial crime. Drawing on global expertise, it delivers critical insights into legal frameworks and policy responses. A must-read for scholars, practitioners, and policymakers seeking to understand and address this important, emerging and under-researched issue.”—Umut Turksen, Professor, University of Exeter, UK.“Unexplained wealth orders are a vitally important tool in combating economic crime, but have been subject to only limited research. This edited collection brings together some of the world's leading experts on this subject. It covers a wide range of important subjects such as property, cryptocurrencies and public procurement among others. Critically it explores the subject from a global perspective with chapters focused upon countries in Africa, the Middle East and the UK. It is essential reading for scholars and practitioners working in this area.”— Mark Button, Professor, University of Portsmouth, UK“Unexplained wealth measures serve as a complement, or often an alternative, to traditional criminal law tools, especially thanks to the reversal of the burden of proof. This volume offers an increasingly relevant global perspective, tracing their legal evolution and practical function across jurisdictions.”— Enrico Basile, Bocconi University, Milano, Italy"An excellent contribution to our still limited understanding of unexplained wealth within the context of economic crime, this volume integrates diverse international perspectives into a timely and multidisciplinary evidence base that can inform the work of policymakers and law enforcement across different jurisdictions.— Lorenzo Pasculli, University College London (UCL), UK

• 1. Introduction (Folashade Adeyemo and Nicholas Ryder) 2.Three Models of Unexplained Wealth Orders (Anton Moiseienko) 3. Unrealised Potential? Unexplained Wealth Orders, Money Laundering, and the UK Real Estate Market (Ilaria Zavoli) 4. Behind the Digital Curtain: To What Extent Can Cryptocurrency Conceal Unexplained Wealth (Thomas Burgess) 5. Public Procurement and Unexplained Wealth in Nigeria: An Ecosystem Approach (Benjamin Mukoro and Ndubuisi Augustine Nwafor) 6. The Primary Factors Contributing to the Operational Failures of the Serious Fraud Office (SFO) and the Strategic Reforms that can be Implemented to Enhance its Effectiveness in Dealing with Financial Crimes (Sengul Selcan Tufan) 7. Unexplained Wealth and Asset Recovery: Assessing the Kuwaiti Legal Framework (Aminah Alwehaib) 8. Tax Havens: Their Uses, Misuses, and Decades of Political Inaction (Stelios Andreadakis and Theo Nyreröd) 9. Unexplained Wealth – A Global Perspective: Following the Money – Corruption Trends in East Africa (Mercy W. Buku) 10. Implementation of Unexplained Wealth Order in Nigeria: Challenges (Chinelo Bob-Osamor)