The three principal money laundering offences under ss327-329POCA are targeted against people who it is believed have dealt with criminal property.
Where charges of money laundering are brought the prosecution must prove that the property represents a person’s benefit from criminal conduct and that the person knew or suspected that the property constituted or represented such a benefit.
The definition of criminal property however has a wide interpretation and applies to dealings with the proceeds of any criminal offence anywhere in the world.
The maximum penalty for the principal money laundering offences is 14 years imprisonment.
We have successfully represented clients who have faced money laundering issues over a number of years and regularly advise as to the content of Suspicious Activity Reports that may need to be lodged with the Serious and Organised Crime Agency.
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.