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09 Mar 2022

If you or your business has been accused of money laundering, you might be wondering what the next steps are. Our fraud solicitor can help you.

Here at ABV Solicitors, we want you to know that someone always has your back. With our experience and sensitivity, we’ll make sure you’re in the best possible position, no matter what you’re facing.

Below, our fraud solicitor will answer any questions you may have concerning money laundering. Please contact us for more information!

What is money laundering?

Money laundering is a specific type of illegal or criminal activity that results in the culmination of large amounts of money. It is more intricate in that, however, because to have been suspected of money laundering means that a person has been making these criminal activities, such as drug trafficking or terrorist funding, appear as a legitimate source of income. Our fraud solicitor has experience with this kind of incident and can offer more insight. The laundering part of this crime refers to the cleaning of money, which is presumed dirty due to its source.

What are the consequences of money laundering?

The consequences of money laundering can be quite severe. Therefore, you must seek the help of our fraud solicitor so that we can help you get into the best possible situation or, if you believe the accusation to be wrong, we can fix the problem before it begins. If suspected and proven guilty, some consequences can include 14 years of imprisonment and a fine, two-year imprisonment for individuals and a fine or a sentencing process that results in a confiscation order.

How can we help?

This kind of activity and sentencing requires a fast and quick approach. Here at ABV Solicitors, we work diligently with prioritised sensitivity to get you the best possible outcome. We will coach you through any and all interview processes and offer unique advice and information for your situation. If your case does get taken to trial, we will be prepared, thanks to our experience and skill, well in advance. There is no reason to panic before you have spoken to one of our fraud solicitors, who can offer any reassurances needed and answer all your questions in a timely manner. We’re here to help you down any path.

Preventing money laundering

If you’re reading this article for guidance on how to avoid money laundering, we have the answers for you. There are a variety of systems that you or your business can put in place to avoid falling foul of the acts and keep your finances above board. There is also a scheme within the UK, known as the Anti-Money Laundering Scheme, that you as an individual or a business can register with to get supervision by an authority to keep everything in good shape and legal. Once registered with this scheme, you will be provided with documents stating the policies and procedures your business should closely follow in the hopes of preventing money laundering. Again, we can help answer any questions regarding this!