Kangs Solicitors have been representing a client who was charged with money laundering, having been caught outside a Money Service Bureau (MSB) with a significant amount of cash in his possession which was alleged to represent the proceeds of crime.
Timothy Thompson, who had conduct of the case, comments on the favourable result achieved for our client.
What Is Money Laundering? | POCA Solicitors
In the general sense, money laundering is the process in which people disguise the original ownership and control of the proceeds of criminal conduct.
In other words, making criminal proceeds appear to be from a legitimate source.
There are various types of money laundering offences, which are all defined within legislation, specifically the Proceeds of Crime Act 2002.
Sections 327 – 329 POCA 2002 deal with the types of money laundering.
In this specific case, our client was charged with Possessing Criminal Property as defined in s329 POCA 2002.
It states as follows:
A person commits an offence if he—
(a)acquires criminal property;
(b)uses criminal property;
(c)has possession of criminal property.
How We Were Able To Assist | Money Laundering & Fraud Solicitors
Given the circumstances of the case, our client was faced with no alternative other than to plead guilty.
Accordingly, our focus was upon the manner in which his involvement could be presented to the court in the best possible manner with the view to achieving the most satisfactory outcome available to him.
In order to achieve this we:
- attended detailed meetings with our client at which we discussed the events at length
- recorded his instructions in detailed notes
- discussed with our client the nature of a ‘basis of plea’ which was required for presentation to the court
- meticulously drafted his ‘basis of plea’, based upon the instructions which we had received. It was paramount that the document was drafted correctly so as to avoid a Newton Hearing
- submitted our client’s ‘basis of plea’ to the Crown Prosecution Service, which, following discussions, was accepted by them.
The Sentencing Hearing | Kangs Complex Crime Solicitors
Our client was represented by Mathew Sherratt QC of Carmelite Chambers, selected by Kangs Solicitors as appropriate experienced counsel for presentation of our client’s case to the court.
Having regard to the detailed ‘basis of plea’, our client received twenty two weeks custody, suspended for 12 months, without any additional penalty by way of confiscation proceedings or costs award against him which, therefore, concluded the case against him.
Needless to say, our client was delighted with this result and with retaining his liberty.
How Can We Help You? | Kangs Financial Crime Solicitors
Who Can I Contact For Help? | Kangs Solicitors
Our team of solicitors has a proven track record of assisting many individuals and businesses achieve the right result in defence of criminal proceedings of every nature and can be contacted through the following: