On 4 March, Bright Line Law published an article which explores the recent targeting of foreign student bank accounts for freezing pursuant to Part 5 of the Proceeds of Crime Act 2002. 95 accounts, totalling an estimated £3.6 million, were frozen in a single day on suspicion of money laundering and other criminality. It will be incumbent on the NCA to identify the unlawful activity said to have generated the money deposited into the student’s account. In many cases, this may be more difficult than they think at first blush.
