Money laundering offences have become a regular feature of fraud and criminal litigation. This is a reflection of the UK government’s attempt to target all those who handle the proceeds of crime but it has also opened a gateway to the prosecution of professionals who conduct legal and transactional work.
The Proceeds of Crime Act 2002 (POCA) and the 2007 Money Laundering Regulations create a regulatory regime for certain solicitors, accountants and those who operate in the financial sector. There are strict financial penalties and even imprisonment for breaches or non compliance. At Brunskill we offer expert advice to professionals and commercial organisations on how to comply with the money laundering regime.
We conduct bespoke training to organisations on how to comply with the UK money laundering obligations. In the past we have delivered training to law firms and financial institutions, including off shore organisations on behalf of the Isle of Man Law Society.
We also advise in relation to cash seizure and forfeiture hearings under POCA. We have a good track record of securing the return of seized cash, we have done this either through negotiations with the police or through formal applications to court.