Public attitudes toward cannabis have changed in recent years, however the UK law, has lagged, which paired with the requirements imposed by the UK’s money laundering laws on the regulated sector may result that the legitimate transactions may be turned away or blocked unnecessarily. BCL partner John Binns writes for Thomson Reuters discussing the challenges the cannabis and cannabidiol industry may present for those charged with identifying and reporting money laundry.

While crypto-assets are intangible, they can still be considered as ‘’property’’ and their value fluctuates significantly. They can also be used to commit fraud, to evade tax, to breach or circumvent financial sanctions, or to launder money. All of this means that they may have relevance to any of the various parts of Proceeds of Crime Act 2002.  BCL partner John Binns writes for Thomson Reuters exploring if crypto-assets can be seized under Proceeds of Crime Act 2002.