The Proceeds of Crime Act 2002 introduced a number of offences which criminalised the acquisition or use of criminal property. These offences are increasingly alleged by the police, FCA, HMRC, and the SFO.
The offences cover all manner of criminal conduct whether it involve cash, money transfer or other property. Individuals who come into possession of the proceeds of crime by whatever means, need only to suspect that it is criminal property to be guilty of an offence.
The Act also compels timely disclosure by companies and individuals in the regulated sector for any “suspicious activity”.
ABV provide expert advice on compliance with the Proceeds of Crime Act and the Money Laundering Regulations, to all manner of businesses and individuals.
Our experienced solicitors have represented both individual and corporate clients suspected on either breaching the Money Laundering Regulations or be involved in a money laundering offence.
We offer careful and considered advice throughout the investigation stage and if the case proceeds to charge, case preparation in advance of trial.
Contact our expert team for a consultation.