UK: ACCOUNT FREEZING ORDERS

On 19 March, the author of a blog post from law firm Corker Bining says that, as he predicted in 2018 when the Criminal Finance Act 2017 provisions (described as probably the most significant legislation concerning white-collar crime since the Proceeds of Crime Act 2002) were implemented, the AFO power would gradually become as prominent and the corporate offence of failing to prevent tax evasion would soon fade away.  The post says that the AFO and its concomitant, account forfeiture orders, have been increasingly used by regional police forces as a means of tackling money laundering.

https://www.corkerbinning.com/account-freezing-orders/

 

If you’d like to help me buy that (badly needed) new laptop or, even better, a new desktop to replace the one now 5,000 miles away – https://www.buymeacoffee.com/KoIvM842y

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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