UK: CPS UPDATES GUIDANCE ON PROSECUTING ‘FAILURE TO DISCLOSE’ OFFENCES

On 3 June, the Law Society of England & Wales reported that the Crown Prosecution Service had updated its guidance on prosecuting standalone ‘failure to disclose’ cases under section 330 of the Proceeds of Crime Act 2002 (POCA).  It makes it possible to prosecute regardless of whether an offence of money laundering has been substantiated.  It is said that the change is to encourage professionals working in the regulated sector to disclose any suspicion of money laundering to law enforcement.

https://www.lawsociety.org.uk/topics/anti-money-laundering/cps-issues-new-guidance-on-prosecuting-standalone-failure-to-disclose-offences

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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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