Barnaby Hone on AFFO’s: when is a bank account not a bank account?

22 October 2019

The following article is part of a series authored by Barnaby Hone covering all aspects of Account Freezing Orders (AFO) and Account Freezing & Forfeiture Orders (AFFOs). In the following article he will to discuss which kind of accounts can be frozen by Account Freezing Orders (‘AFO’s). Although the requirements under section 303Z5 setting out what a bank is seem straightforward, it can be hard in practice to determine when a bank account is not a bank account.

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 Legal500 and Chambers UK directories as a leading individual in POCA and Asset Recovery law.

BMH_When is a Bank account not a Bank account

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