Asset Seizures – An overview of the new POCA powers introduced under the Criminal Finance Act 2017
15 May 2019
The Criminal Finance Act 2017 (‘CFA’) introduced a range of new powers prosecuting authorities can utilise, of which defence lawyers need to be aware. One significant area of change has been forfeiture and seizure. In the following article, an update from his previous article on this topic, Barnaby Hone discusses asset seizure. In particular, the areas of change and what now constitutes ‘listed assets’, how the test for forfeiture and realization needs to be approached and issues arising from the new provisions.
Barnaby has a range of experience in fraud, international asset recovery, financial crime and professional discipline law, particularly in healthcare and sports law matters. He has experience of all areas of the Proceeds of Crime Act both domestically and internationally. In addition to his busy practise, Barnaby writes the chapters on International Asset Recovery and Terrorism Finance for Millington and Sutherland Williams on POCA and recently completed a series of seminars and articles on changes to POCA under the Criminal Finance Act 2017. Barnaby is ranked in the Legal500 as a leading individual in POCA and Asset Recovery law.
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