PART 2Unexplained wealth orders
I1I251Annual reports on use of unexplained wealth orders: England and Wales
After section 362I of the Proceeds of Crime Act 2002 insert—
362IAAnnual reports
1
The Secretary of State must prepare and publish a report in respect of each relevant period setting out—
a
the number of unexplained wealth orders made by the High Court in England and Wales during that period, and
b
the number of applications made to that Court by enforcement authorities for such an order during that period.
2
Each of the following is a “relevant period”—
a
the period of 12 months beginning with the day on which section 51 of the Economic Crime (Transparency and Enforcement) Act 2022 comes into force;
b
each subsequent period of 12 months.
3
A report under this section must be prepared and published within the period of 4 months beginning with the end of the relevant period to which the report relates.
4
The Secretary of State must lay a copy of each report prepared under this section before Parliament.