CRIMINAL FINANCES ACT 2017
On 1st February the Home Office issued a set of publications about the contents of the Criminal Finances Act 2017, including about Unexplained Wealth Orders, confiscation reconsideration, extending the SAR moratorium etc.
CRIMINAL FINANCES ACT 2017: CONFISCATION, ENFORCEMENT, DEFENDANT’S MONEY HELD BY A THIRD PARTY
On 1st February, Home Office Circular 012/2018 which provides information on relevant amendments introduced by the Criminal Finances Act 2017. It explains that amendments to the Proceeds of Crime Act 2002 provides for 2 sets of powers relating to the enforcement of a confiscation order in relation to defendant’s money which is held by another person; notably, by a bank in an account or by a law enforcement agency following its seizure.
OTHER HOME OFFICE CIRCULARS PROVIDING INFORMATION ON CRIMINAL FINANCES ACT 2017 CHANGES
On 1st February, the Home Office issued a whole series of Home Office Circulars explaining new or changed procedures under proceeds of crime and anti-terrorism legislation –
· Circular 011/2018: Criminal Finances Act: confiscation reconsideration
· Circular 010/2018: Criminal Finances Act: further information orders
· Circular 009/2018: Criminal Finances Act: extension of powers and new assault and obstruction offence
· Circular 008/2018: Criminal Finances Act: extending the moratorium period for suspicious activity reports
· Circular 007/2018: Criminal Finances Act: sharing information within the regulated sector
· Circular 006/2018: Criminal Finances Act: disclosure orders
· Circular 005/2018: Criminal Finances Act: forfeiture of money held in bank and building society accounts
· Circular 004/2018: Criminal Finances Act: unlawful conduct, gross human rights abuses or violations
· Circular 003/2018: Criminal Finances Act: unexplained wealth orders