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.

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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