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You may not be aware of the full details of the Proceeds of Crime Act 2002 but rest assured that we are fully knowledgeable experts in this area. In a nutshell, this Act allows for the confiscation and recovery of any money obtained illegally as proceeds of a crime. It also covers the funds involved in money laundering.
The law is fairly complex and this is why you will need our help if you fear that you may be accused of this crime. The law can be applied against individuals and also groups of people or organisations who may have been offenders and engaged in money laundering or similar activities.
The Act has been a very welcome one as it has made it much simpler for lawyers and solicitors to deal with the offence without having to bring into the picture statutes involved in earlier acts i.e. the Drug Trafficking Act 1994 and the Criminal Justice Act 1993. Before the Act was set in place, it had to be proven in detail exactly what type of crime the proceeds had originated from and whether or not drugs were involved. This is no longer necessary hence our job has become a little easier and we will work with the Assets Recovery Agency and SOCA as required.
High Court proceedings are usually required to regain the monies involved in the criminal activity and this is where the Assets Recovery Agency will often get involved. We will work with them as needed and order the production of confiscation orders should they be required. Restraint orders and charging orders may also need to be applied. We will deal with all of this for you.
Timescales will be applied to these orders and if they are not complied with, the penalties can be severe, resulting in the enforcement of a prison sentence if monies are not paid. Restraint orders can also be levied against you should they be necessary. We will also liaise with SOCA should it be considered that tax avoidance has been part of the crime.
Whether you are an individual that has become involved with the proceeds of a crime or an organisation such as a financial institution i.e. bank, solicitor or accountant, who has been accused of committing an offence, we can talk the case through with you and give advice and suggestions on how to proceed.
With regard to money laundering, this is quite a widespread crime and whilst you may be worried about events that may have taken place in the UK, we understand that often international operations can also be involved.
If you are unsure about whether an offence has been committed, but feel that you need to discuss with experts in the field based in London, then come to us. Not only can we put your mind at rest but we can best advise you on how to move forward with your concerns.
