Financial malpractice and financial crimes may be investigated or prosecuted by the Financial Conduct Authority, the Serious Fraud Office or the police. Not only do companies have to abide by a series of financial regulations, and reporting obligations, but a failure to do so or being found guilty of crimes like money laundering, means that the assets of a company and even the individuals within that company may be at risk of seizure.
Financial regulations were once considered to be the burden of financial institutions, but there are regulations that cover the handling of money for many other types of organisation now. A failure to comply with these regulations may lead to severe penalties, and it is important that you meet these regulations in the first place. Barristers at 23 Essex Street can offer advice on meeting your obligations.
Money laundering is the practice of taking the proceeds of crime and then moving that money through deals, purchases, transfers or other mechanisms, so as to disguise its origins. Organised crimes and terrorist gangs may conduct money laundering, but so too can any criminal or criminal gang. They may also attempt to include other, unwitting parties in their “laundering”. It is essential for companies and professionals to follow the right anti-money laundering procedures, and report suspicious activity to the National Crime Agency when necessary. We can offer advice on procedures and reporting obligations.
Seizures, Confiscation, And Restraint
This area of law is complex, and if you are at risk of having your assets taken or restrained, you need good legal advice..
Contact us at 23 Essex Street to discuss the advice you may need on your financial regulation procedures, or any investigation or prosecution you are facing. Our barristers are able to offer tailored services, whether a one-off written Advice, a full review of your processes, or a complete defence service, which may require the input of solicitors or other professionals.