MONEY LAUNDERING OFFENCE SOLICITORS

Being found guilty of a money laundering offence can have significant, life-altering repercussions, with the prospect of a lengthy prison sentence looming. Engaging legal representation with expertise in money laundering law can ensure fair treatment and greatly influence the outcome of your case.

What Constitutes Money Laundering?
At its core, money laundering involves criminals concealing the proceeds of their illicit activities. The Proceeds of Crime Act 2002 defines money laundering as the possession or handling of criminal property, including money and intangible assets, as well as facilitating the possession or handling of such property. This definition encompasses various scenarios, from individual operations to intricate networks spanning across borders.

Money laundering offences often come to light during investigations aimed at tracing the proceeds of criminal activities. The primary money laundering offences are outlined in Sections 327, 328, and 329 of the Proceeds of Crime Act.

Examples of Money Laundering Offences
Acts like bribery, smuggling, tax evasion, and fraud can all constitute money laundering offences. These offences span a wide range of activities, illustrating the diverse nature of money laundering. Previously, distinct offences existed for drug-related and non-drug-related money laundering. However, the Proceeds of Crime Act 2002 has consolidated these offences, ensuring uniformity in the treatment of proceeds from various criminal activities.