Money Laundering | Cash Seizure | Kangs Crime Solicitors
Frances Murray of Kangs Solicitors outlines an on-going case where we have been instructed on behalf of a London based Money Services Bureau (“MSB”).
Money Laundering Case | Solicitors for Cash Seizure Proceedings
The Metropolitan Police are investigating the MSB, together with at least eighteen other companies, in relation to allegations concerning the money laundering of millions of pounds which may be connected to an investigation undertaken by the Spanish Anti Money Laundering Agency into the laundering of funds.
A large amount of cash was seized by the Metropolitan Police under section 294 of the Proceeds of Crime Act 2002 and Kangs are instructed by the MSB to apply for its release.
Procedure for Securing Release | Kangs Solicitors
Following an application to the Magistrates’ Court for further detention under section 295 of the Proceeds of Crime Act 2002, the cash can be detained by the Metropolitan Police for a further period of six months.
Kangs have been instructed to make an application to the Metropolitan Police for the release of the detained cash which belongs to customers of the MSB as its detention is causing huge disruption to the operation of its business.
Following an extensive forensic analysis of the MSB’s accounts, centralised database and consideration of the identification checks made in respect of each customer, an application has been made administratively to the Metropolitan Police for the release of the detained cash.
It is submitted that the cash seized is not “recoverable” for the purposes of the Proceeds of Crime Act, as it arises from legitimate sources, the MSB customers, and will be released to legitimate beneficiaries.
How We Can Help You | Kangs Cash Seizure Solicitors
Cases of this nature require a legal team with specialist knowledge and extensive experience as they can often carry with them complex legal issues.
We appreciate that damage to the operation of a company is a cause for concern when cash is seized from the premises.
Kangs Solicitors complex crime and regulatory team provides a national service.
We have extensive experience of dealing with cases investigated and prosecuted by all the major prosecuting authorities such as the SFO, FCA, HMRC, CPS, Trading Standards, Environment Agency etc.
Who Can I Contact For Help? | Kangs Solicitors
If you are a business, whether a sole trader, partnership or company, we are here to assist and advise you on merits of an application for the release of the cash seized.
Our team of solicitors has a proven track record of assisting many individual and businesses achieve the right result following a cash seizure.
Our expert team of Solicitors can be contacted through the following:
Hamraj Kang
hkang@kangssolicitors.co.uk
07976 258171 | 020 7936 6396 | 0121 449 9888
Tim Thompson
tthompson@kangssolicitors.co.uk
0121 449 9888 | 020 7936 6396
