Category Archives: Money laundering

Money laundering

Bank account frozen

If someone finds his bank account has been frozen by the bank without warning or explanation, what should he do and what can he expect to happen?

Money Laundering Regulations 2017

Comments upon some changes made by the Money Laundering Regulations 2017

Alleged possession of criminal property

How our forensic accountant’s expert witness report helped Tony’s solicitors obtain his acquittal on a charge of money laundering involving possession of criminal property.

Criminal Finances Act 2017

The new Criminal Finances Act 2017 strengthens civil recovery of the proceeds of crime; creates unexplained wealth orders; creates new offences of failing to prevent the facilitation of tax evasion; and extends existing investigation powers in relation to money laundering and terrorist finances

Criminal Finances Bill proposed

A new Criminal Finances Bill was proposed in the Queen’s Speech at the opening of the new parliamentary year on 18 May 2016. The new Bill is intended to assist in tackling corruption, money laundering and tax evasion.

Section 330 Proceeds of Crime Act 2002

Section 330 Proceeds of Crime Act 2002 has been subject to important amendments on a number of occasions, not only has the original text been amended but six entirely new subsections have been added. This is my understanding of the current text of the section as amended.

UK Supreme Court rules on money laundering arrangements

The UK Supreme Court recently ruled on the law relating to prosecutions for entering into, or becoming concerned in, an arrangement which facilitates the acquisition, retention, use or control of criminal property for, or on behalf of, another person – contrary to s328 Proceeds of Crime Act 2002.

Getting technical help on proceeds of crime issues

If you visit our website you will find over 70 detailed technical articles which will help you. If you can’t find what you want, try the Quick Query button on our website homepage. That emails me and I will personally reply – free of charge. If you need expert advice, get in touch.

OFT penalises estate agents under MLR 2007

In one of its last acts the Office of Fair Trading has penalised three firms of estate agents for failures to comply with the Money Laundering Regulations 2007.

Appealing out of time after a change of law

Where a defendant has suffered a decision which, though it appeared to be well founded at the time it was made, now appears to be incorrect in the light of subsequent case law, what is the position regarding the submission of an appeal out of time?