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Monday, 23 September 2019 16:41

The aim of the Proceeds of Crime Act was to deprive criminals of their gains.

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One of the main objectives was to restore public confidence in the confiscation system and recover assets that have been gained through criminal activities. POCA includes draconian measures aimed at curbing:-

  • Money laundering activities
  • Depriving criminals of the proceeds of their criminal conduct
  • New powers of cash seizure
  • An integrated regime and new regime for the enforcement authorities to apply for Restraint Orders.
  • A reporting system for financial professionals aimed at tackling money laundering.

This area of law extremely complex and can often be more punitive than the initial sentence imposed by the courts for the original offence. It is vital you seek expert advice. We can assist.

Read 245 times Last modified on Monday, 23 September 2019 20:57