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Criminal Finances Bill Forfeiture of Bank Accounts?

John Binns and Tom McNeill query provisions in the Criminal Finances Bill to extend cash seizure and forfeiture powers to moneys held in bank and building society accounts.

Under the Proceeds of Crime Act 2002 (“POCA”), law enforcement agencies have extensive civil recovery powers – and by way of restraint and confiscation in the event of a criminal prosecution – to seize and recover the proceeds of crime. So why does the Criminal Finances Bill include provisions to extend civil recovery powers still further to enable the seizure and forfeiture of suspected funds held in bank and building society accounts, along similar lines to the seizure and forfeiture powers already in place in relation to cash?

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