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Weekly UK corporate crime update: POCA cryptoasset rules, magistrates' sentencing, sanctions guidance, OSA information requests, ECCTA/Companies House, AML/FATF, fraud trends, environmental and health and safety enforcement

Published on: 24 October 2024

Published by a LexisNexis Corporate Crime expert
Legal News
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In this issue:

  • Proceeds of crime
  • Sentencing
  • Bribery, corruption, sanctions and export controls
  • Consumer protection and cartels
  • Cybercrime and data protection offences
  • Environmental offences
  • Fraud, forgery, tax and theft offences
  • Health and safety and corporate manslaughter offences
  • Insolvency offences and Companies Act offences
  • Local authority prosecutions
  • Money laundering
  • Daily and weekly news alerts
  • New and updated content
  • Dates for your diary
  • Trackers
  • Useful information

Proceeds of crime

Fresh magistrates’ court rules on proceedings under POCA 2002 and ATCSA 2001 re cryptoassets

A suite of updated magistrates’ court rules comes into effect on 7 November 2024 to assist proceedings under the Proceeds of Crime Act 2002 (POCA 2002) and the Anti-terrorism, Crime and Security Act 2001 (ATCSA 2001) in the context of cryptoassets. They include SI 2024/1040, enabling non-conviction-based applications to convert cryptoassets to money and to detain, freeze and forfeit the resulting converted sums in proceeds of crime matters, and SI 2024/1043, facilitating non-conviction-based forfeiture of cryptoassets in proceeds of crime cases throughout England and Wales. These measures bolster court powers in this area...

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