UK verifies legality of real estate acquisition

On February 5, the High Court of London rejected the appeal of Zamira Hadzhieva, the wife of Jahangir Hadzhiev, who was a head of International Bank of Azerbaijan from 2001 to 2015 and is now jailed in Azerbaijan for fraud. The court upheld the decision to freeze her accounts and to arrest a golf club owned by her near London and her house in the center of the capital of Great Britain

Zamira Hadzhieva in 2018, the first foreigner in the UK to receive a request for property of unknown origin (Unexplained Wealth Order) in relation to two real estate properties. This is provided for by circular 003/2018 of February 1, 2018, which was enacted as part of the fight against money laundering.

Now, Hadzhieva must provide a full report on the sources of her wealth within seven days. If this does not happen, the UK National Crime Agency (NCA) will ask the court to confiscate the property and then sell it. The proceeds will go to the UK treasury. If Hadzhieva will prove a legitimate source of wealth, the NCA has 60 days to study her accounts, after which the investigators will decide whether to accept and close the case or reject and seek confiscation.

Source: https://www.nationalcrimeagency.gov.uk/news/court-dismisses-uwo-appeal-by-zamira-hajiyeva