Criminal Finance Act 2017: Crime still doesn’t pay – 5SAH

‘Financial gain provides the motivation behind all serious and organised crime. Billions of pounds are laundered through the UK every year. Understandably, it has long been the government’s policy to implement effective legislation to tackle this issue.’

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5SAH, 2nd December 2019

Source: www.5sah.co.uk

Pakistani tycoon agrees to hand over £190m to UK authorities – The Guardian

Posted December 4th, 2019 in bribery, corruption, fraud, news, proceeds of crime by tracey

‘More than £190m of assets, including a £50m mansion overlooking Hyde Park in London, have been seized from a Pakistani property tycoon after a settlement in a UK police “dirty money” investigation.’

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The Guardian, 3rd December 2019

Source: www.theguardian.com

Account ForfeitureOrder Notices – The Administrative Method – Drystone Chambers

‘The idea behind Account Forfeiture Order Notices is that it makes it easier for law enforcement to forfeit recoverable property, or property that is to be used in unlawful conduct, without going to court. The powers should only be used where there is no likelihood that the forfeiture will be objected to. Although these seem simple provisions there are a lot of possible issues, such as the length of notice, who and how it is served, if it is reasonable to serve one in the first place, and if forfeiture occurs, if it can be set aside by an aggrieved party at a later date.’

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Drystone Chambers, October 2019

Source: drystone.com

Legal Expenses and Variations for Living Expenses in Account Freezing Orders (AFOS) – Drystone Chambers

Posted October 29th, 2019 in expenses, fees, freezing injunctions, news, proceeds of crime by sally

‘This article will deal with how to withdraw legal and living expenses from an Account Freezing Order (‘AFO’). Like all freezing or restraint proceedings under the Proceeds of Crime Act 2002 (‘POCA’), living expenses can be paid from the account where they are reasonable and continue the current lifestyle of the owner of the account.’

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Drystone Chambers, October 2019

Source: drystone.com

When is a Bank Account not a Bank Account Under Account Freezing and Forfeiture Orders? – Drystone Chambers

Posted October 29th, 2019 in banking, forfeiture, news, proceeds of crime by sally

‘As part of my series on AFO’s I am going to discuss what accounts can be frozen by Account Freezing Orders (‘AFO’s). Although the requirements under section 303Z5 setting out what a bank is seem straightforward, it can be hard in practice to determine when a bank account is not a bank account. It has, in my experience, caused a number of AFO’s to be discharged; this is where orders have frozen Forex trading accounts, ISA fund accounts, or other accounts which contain money but do not.’

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Drystone Chambers, October 2019

Source: drystone.com

Banker’s wife who spent £16m in Harrods escapes extradition to Azerbaijan on embezzlement charges – Daily Telegraph

‘A banker’s wife who spent £16million during a series of shopping sprees in Harrods has escaped extradition back to Azerbaijan on fraud charges.’

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Daily Telegraph, 26th September 2019

Source: www.telegraph.co.uk

Couple must repay £10.4 million after ripping off struggling firms to live high life on yachts – Crown Prosecution Service

Posted September 13th, 2019 in assets recovery, banking, bankruptcy, fraud, loans, news, proceeds of crime by tracey

‘A couple who made a fortune bankrupting companies to fund their lavish lifestyle have today been ordered to repay more than £10million.’

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Crown Prosecution Service, 12th September 2019

Source: www.cps.gov.uk

Albanian crime boss who ran multi-million pound drugs racked ordered to pay only £14,380 – Daily Telegraph

‘An Albanian drugs kingpin who ran a multi-million pound cocaine racket only has to pay back £14,380 after the Crown Prosecution Service (CPS) requested a “risible” sum, a judge has complained.’

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Daily Telegraph, 4th September 2019

Source: www.telegraph.co.uk

Failure to pay confiscation order leaves recycling fraudster facing further eight years in prison – Local Government Lawyer

Posted September 3rd, 2019 in assets recovery, confiscation, fraud, news, proceeds of crime, waste by sally

‘A defendant convicted of defrauding the electrical waste recycling industry has been sentenced to prison for a further eight years after he failed to meet a £1.3m confiscation order.’

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Local Government Lawyer, 29th August 2019

Source: www.localgovernmentlawyer.co.uk

Bitcoin worth £900,000 seized from hacker to compensate victims – The Guardian

‘A judge has ordered the confiscation of bitcoin worth more than £900,000 from a jailed hacker in the first case of its kind for the Metropolitan police.’

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The Guardian, 23rd August 2019

Source: www.theguardian.com

Hatton Garden raider jailed again for failing to hand back money – The Guardian

Posted August 2nd, 2019 in burglary, news, proceeds of crime, sentencing by tracey

‘The Hatton Garden heist ringleader John “Kenny” Collins has been sent back to prison after failing to pay back millions of pounds stolen in the raid.’

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The Guardian, 2nd August 2019

Source: www.theguardian.com

Clapham G4S driver who stole nearly £900,000 jailed – BBC News

Posted July 29th, 2019 in news, proceeds of crime, sentencing, theft by sally

‘A G4S driver has been jailed for four years and eight months for stealing £889,440 in cash from one of the security firm’s vans.’

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BBC News, 26th July 2019

Source: www.bbc.co.uk

Solicitor hit with £500k POCA fine for using house as office – Legal Futures

Posted June 3rd, 2019 in confiscation, enforcement, news, planning, proceeds of crime, solicitors by sally

‘A West London solicitor has hit with a £500,000 confiscation order for repeatedly disregarding warnings from his local council to stop using a home as an office for his firm.’

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Legal Futures, 3rd June 2019

Source: www.legalfutures.co.uk

Fraud surgeon who claimed break-in at Luton home keeps items

Posted April 15th, 2019 in evidence, fraud, news, proceeds of crime, search & seizure by michael

‘Thousands of pounds worth of antiques that a hospital surgeon claimed had been stolen from him are still “under his control”, despite him being jailed.’

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BBC News, 13th April 2019

Source: www.bbc.co.uk

Landlord given suspended sentence and ordered to pay £300k+ after hiding families in windowless rooms – Local Government Lawyer

‘A landlord who hid families in windowless rooms after claiming to a council that he had complied with an enforcement notice has been fined £25,000 and ordered to pay a further £266,177 under the Proceeds of Crime Act 2002.’

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Local Government Lawyer, 26th March 2019

Source: www.localgovernmentlawyer.co.uk

Autonomy founder Mike Lynch faces UK high court and fresh charges in US – The Guardian

Posted March 25th, 2019 in confiscation, conspiracy, fraud, money laundering, news, proceeds of crime by sally

‘Autonomy founder Mike Lynch will on Monday begin his high court defence against accusations that he perpetrated a $5bn (£3.8bn) fraud, as US prosecutors unveiled fresh criminal charges accusing the British businessman of a cover-up.’

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The Guardian, 24th March 2019

Source: www.theguardian.com

Brothelkeepers earned £3.8m while police focused on other ‘serious crimes’ – Daily Telegraph

‘A married couple who built a £3.8million brothel empire were allowed to continue operating by police for 14 years who instead focused on “serious types of organised crime”, a court has heard.’

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Daily Telegraph, 3rd February 2019

Source: www.telegraph.co.uk

Gambling regulator warns firms over use of gagging orders – The Guardian

‘The UK’s Gambling Commission has warned the industry over the use of gagging orders, after incidents of consumers being paid substantial sums of money in return for agreeing not to talk to the regulator.’

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The Guardian, 31st January 2019

Source: www.theguardian.com

No order for costs following withdrawn forfeiture application – UK Police Law Blog

Posted January 28th, 2019 in appeals, costs, drug offences, forfeiture, news, police, proceeds of crime by sally

‘In Bennett v Chief Constable of Merseyside [2018] EWHC 3591 (Admin), the High Court confirmed that a district judge was correct to make no order for costs against the police after it withdrew its Proceeds of Crime Act 2002 (‘POCA’) s.298 application for cash forfeiture. In considering the decision of the district judge, the High Court reaffirmed three points: the starting point is that no order for costs should be made provided that the public authority has acted reasonably and properly; in determining whether the police acted reasonably and properly, the court should scrutinise the behaviour of the police with care; and it may be justifiable to award costs against the police, particularly where the successful private party would suffer substantial hardship if no order for costs were made in their favour.’

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UK Police Law Blog, 27th January 2019

Source: ukpolicelawblog.com

Man who ‘groomed’ British couple into supplying parts for Iran’s nuclear programme jailed – Daily Telegraph

Posted November 23rd, 2018 in Iran, news, nuclear weapons, proceeds of crime, sentencing, suspended sentences by sally

‘A retired company boss who made £5 million from trafficking fighter jet parts to Iran in violation of Weapons of Mass Destruction controls has been jailed for two-and-a-half years.’

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Daily Telegraph, 22nd November 2018

Source: www.telegraph.co.uk