Money laundering is generally defined as the process by which the proceeds of crime are dealt with in such a way so as the proceeds appear to come from a legitimate source.
The introduction of the Proceeds of Crime Act 2002 (“POCA”) broadened the definition of money laundering to encompass the proceeds of any criminal conduct and as such money laundering could arise from, for example, a small profit made from a minor tax evasion or regulatory breach.
As a result companies and individuals may have greater exposure to the risk of prosecution for offences arising out of suspicious financial activity. In essence people dealing with the proceeds of criminal activity, that may have occurred anywhere in the world, risk prosecution and severe sentences if they knew or should reasonably have suspected that money or assets they were dealing with represented the proceeds of crime.
Slater and Gordon Lawyers are recognised as market leaders in the field of fraud and white collar crime and have represented clients including companies, professionals, senior business executives and other individuals in numerous money laundering cases including:
Our team of Anti-Money Laundering Lawyers are available 24 hours 7 days a week and can assist with:
Slater and Gordon Lawyers is one of the UK's largest and well known law firms with offices in London, Manchester, Watford, Liverpool, Chester, Birmingham, Sheffield, Cardiff, Edinburgh, Cambridge, Milton Keynes, Preston, Wakefield and Wrexham.