Money Laundering and Handling Stolen Goods
Very often money laundering charges may come alongside other allegations such as the supply of drugs or tax fraud; money laundering is also very similar in nature to the offence of handling stolen goods.
At Old Bailey Solicitors we have extensive experience of representing clients accused of money laundering, handling stolen goods and other complex related matters such as conspiring to supply drugs or cheating the revenue. We also have significant experience of submitting suspicious activity reports (SARs) to the Serious Organised Crime Agency (SOCA) for clients who may have inadvertently been drawn into a situation involving money laundering.
Money Laundering can be committed in a variety of different ways and by various different participants in the alleged criminal activity. Broadly, the Proceeds of Crime Act 2002 (POCA), refers to money laundering as the:
- Concealing, disguising, converting, transferring or removal from the UK, of criminal property.
- Acquiring, using or having possession of criminal property.
- Or entering into an arrangement whereby someone facilitates the acquisition, retention, use or control of criminal property.
Property is considered criminal property if it constitutes a person’s benefit from criminal conduct and the alleged offender must know or suspect that it constitutes such a benefit.
In addition, there are also specific offences in respect of the regulated sector (banks, solicitors etc) where those under a duty have failed to report a genuine suspicion of money laundering to SOCA. Old Bailey Solicitors are nominated to the Law Society Anti-Money Laundering Directory of solicitors who are approved to provide advice on money laundering issues to other firms of solicitors.
If you, a family member, or a friend has been accused of money laundering or handling stolen goods we will be able to give you the best possible representation. We will advise you clearly and expertly on the intricacies of these types of offences.
Contact us now to speak to a criminal defence solicitor on the phone or arrange a consultation with one of our lawyers at our London offices.