Confiscation, Asset Recovery & Money Laundering
The courts now have formidable powers under the Proceeds of Crime Act 2002 to enforce and seize assets suspected of being sourced from criminal activity. Property and income arising from such activity can be made subject to a confiscation order and the powers are so wide ranging that property even placed off shore can still be confiscated. Failure to discharge a confiscation order can lead to a substantial period of imprisonment. Membership of the Law Society panel for advice on money laundering means we are well equipped to defend any investigations into a client’s financial status.
The Asset Recovery Agency, now coming under the auspices of the Serious Organised Crime Agency (SOCA), are able to take civil proceedings to impose restraint orders even when an individual has not been charged with a criminal offence.
The business crime team provide a decisive and timely response in the event of these proceedings and can follow civil remedies to lift an injunction or restraint order.
For an initial free consultation contact: mikerainford@burtoncopeland.com
