Olliers’ specialists have substantial experience of acting in cases of alleged money laundering.
We understand how the consequences of a money laundering inquiry can be dramatic with legitimate businesses and unsuspecting individuals often pulled into the investigation.
Proceeds of Crime Act 2002
The principal money laundering offences are governed by sections 327, 328 and 329 of the Proceeds of Crime Act 2002. Money laundering essentially involves the concealment, disposal, transfer or removal of the proceeds of criminal activity or acquiring, using or possessing such property. The maximum sentence for money laundering is 14 years imprisonment.
Assets are often restrained at an early stage. Investigations can be complex and last many months or even years. This raises the very real prospect of suspects or third parties being subject to a draconian limitations on their assets and expenditure for significant periods of time without even being charged. For more information on how we can help see our restraint page.
Money Laundering Regulations 2017
Money laundering is particularly problematic for solicitors and other professionals for whom compliance with regulations can be a huge challenge. June 2017 saw the introduction of the Money Laundering Regulations 2017 which replace the Money Laundering Regulations 2007 (MLRs 2007). There are some significant changes with which all firms undertaking work in the regulated sector must be familiar.
Oliers Solicitors – Specialist Criminal Defence Solicitors
Olliers are frequently asked to act in the early stages of investigations. Anyone facing a money laundering allegations should seek early advice from our team of specialists.
If you are facing an allegation of money laundering, contact Matthew Claughton on 0161 834 1515.