Financial Crime

UK Summary Forfeiture Guide: What to Do about Seized Cash, Detention of Listed Assets, Account Freezing Orders, and More

An increasing number of people are finding themselves on the receiving end of summary forfeiture proceedings in the magistrates’ court, a system that is designed to be simple and efficient from the point of view of law enforcement, but which carries significant risks for the owners of the property at stake.

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Restraint Orders: What To Do When Your Assets Are Frozen

For many people who receive or are served with a Crown Court Restraint Order, this will be the first time they have had anything to do with the criminal justice system. In some circumstances it will follow swiftly on from an arrest and/or the execution of a search warrant of their home or business premises, and may have been accompanied by the seizure of cash or property. In others it will simply come alone and without warning, complete with a penal notice to warn the recipient of dire consequences of any failure to comply.

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MPs call for manifold changes to the UK’s anti-money laundering regime 

BCL’s Serena O’Dea discusses the House of Commons’ Treasury Select Committee report, entitled ‘Economic Crime – Anti-Money Laundering Supervision and Sanctions Implementation’, published on Friday 8 March 2019 calling on the government to review the UK approach to economic crime.

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John Binns talks to CDR magazine about the implications of the FCA’s latest enforcement efforts against a major retailer

BCL partner, John Binns speaks to CDR (Commercial Dispute Resolution) magazine to discuss the implications of the FCA’s investigation and consequent fine for a major retailer over failures in its sales training for a regulated insurance product.

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