Law Commission Symposium on POCA - Kennedy Talbot QC to Chair & Martin Evans QC on panel.

In 2017, the Law Commission agreed with the Home Office to review and make proposals for reform of limited aspects of the anti-money laundering regime in Part 7 of the Proceeds of Crime Act 2002 and of the counter-terrorism financing regime in Part 3 of the Terrorism Act 2000. This followed a discussion of ideas for inclusion in the Law Commission’s 13th Programme of Reform. The primary purpose of the review is to improve the prevention, detection and prosecution of money laundering and terrorism financing in the United-Kingdom.

The review will cover the reporting of suspicious activity in order to seek a defence against money laundering or terrorist financing offences in relation to both regimes. Specifically, the review will focus on the consent provisions in sections 327 to 329 and sections 335, 336 and 338 of the Proceeds of Crime Act 2002, and in sections 21 to 21ZC of the Terrorism Act 2000.

The review will also consider the interaction of the consent provisions with the disclosure offences in sections 330 to 333A of the Proceeds of Crime Act 2002 and sections 19, 21A and 21D of the Terrorism Act 2000.

Please contact the Practice Directors if you would like to find out more or instruct Kennedy or Martin 

'Wolf of Wimbledon' Jeffrey Revell-Reade jailed for a further 4 years...

Penelope Small successfully prosecutes fraudster, Jeffrey Revell-Reade, who has prison sentence of 4 years activated by Westminster Magistrates’ Court for failure to pay a £7,535,802 confiscation order.

Revell-Reade, who is currently serving a 9 year 6 month sentence for one of the largest boiler room fraud schemes ever pursued by a UK authority, was ordered to pay a confiscation order for £7,535,802, however, only £3,497,000 has been paid so far. He will still remain liable for the full amount once this sentence is served.  

Their convictions were linked to seven other individuals, also convicted and sentenced following a seven year investigation by the SFO.

District Judge Snow said in activating the default sentence:

“I have no doubt at all that given his record of offending, given his failure to meet the order, given the lies he has told previously and given the bogus high court claim, that the assets are available to Mr Revell-Reade as found by the Crown Court and that the reason for his behaviour is that he is wilfully refusing to settle his order.”

For further information, or if you would like to instruct Penelope Small, please contact the Practice Directors. 

Limits on non-financial contributions under tainted gift provisions (R v Hayes)

Catherine Collins is asked by LexisNexis to consider the recent decision in R v Hayes that addresses and gives guidance on ‘consideration’ and the limits to which ‘value’ can be ascribed to non-financial contributions within the tainted gift provisions in the Proceeds of Crime Act 2002 (PoCA 2002).

Article linked here

Please contact the Practice Directors to find out more or instruct Catherine.