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    "Noted for the excellence of its white-collar defence practice"

    Chambers & Partners, 2014 edition

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    "Outstanding financial crime defence practice"

    Chambers & Partners, 2014 edition

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    "It’s a deluxe firm which pulls out all the stops for its clients"

    Chambers & Partners, 2014 edition

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    "They are the market leaders for serious crime’"

    Chambers & Partners, 2014 edition

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    "Kangs has an excellent reputation. They care about their clients and go the extra mile for them"

    Chambers & Partners, 2014 edition

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    "Kangs Solicitors is a standout firm"

    Legal 500, 2014 edition

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    "Kangs Solicitors is in the highest tier of firms"

    Legal 500, 2014 edition

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    "Hamraj Kang is noted for his very sharp legal brain"

    Legal 500, 2014 edition

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    "Kangs Solicitors fields a team of ‘technically able solicitors’
    and is well regarded for its serious crime and fraud work"

    Legal 500, 2014 edition

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    "Hamraj Kang is a shrewd tactician and very experienced"

    Legal 500, 2013 edition

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    "What the team is known for - handles an extensive array of criminal matters
    including murder, drugs and white-collar crime"

    Chambers & Partners 2013 edition

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    "Adept at dealing with cases that have an international dimension"

    Chambers & Partners 2013 edition

    The Criminal Finance Bill (CFB) | Kangs Criminal Solicitors

    Criminal Defence Solicitors | Vat & Tax SolicitorsNEWSThe Criminal Finance Bill (CFB) | Kangs Criminal Solicitors

    Mar

    7

    March 7 , 2017 | Posted by Kangs Solicitors |

    The Criminal Finance Bill (CFB) | Kangs Criminal Solicitors

    The CFB, which will herald radical changes to the Proceeds of Crime Act 2002 (‘POCA’), is progressing through the various parliamentary processes and will receive its second reading before the House of Lords on 9th March 2017.

    The expectations are that the proposals will become law during the summer of 2017 and that several parts will face considerable controversy.

    Colin Parker of Kangs Solicitors highlights three of the proposals.

    Proposals | Kangs Financial Crime Advisors

    Seizure Powers

    The existing cash seizure powers are being extended to cover items such as expensive watches with the result that any apprehended suspect can probably expect any such item(s) to be seized in the same manner as cash.

    This will enable police to promptly seize any such asset that it is believed derives from the proceeds of crime.

    Unexplained Wealth Orders (‘UWO’)

    The enforcement authorities will have the power to seek an order from the High Court requiring an individual to explain their interest in any property.

    The High Court will need to be satisfied that the individual who is the subject of the application is either:

    • someone who is politically exposed or
    • a person who is, or has been involved in serious crime or has connections with another person involved in serious crime.

    The property, which is the subject of enquiry, must exceed £100,000 in value.

    Failure to comply with a UWO may:

    • result in contempt of court proceedings
    • result in a prosecution for a new offence of making a misleading statement in response to a UWO.

    POCA

    There are two proposed changes:

    • HMRC and the FCA will be empowered to conduct civil recovery work through Civil Recovery Orders, in addition to the authorities that already obtain such Orders
    • There will be new powers to revisit the criminal benefit of orders under POCA in which the ‘available benefit’ may have increased. If it is to be the case that negotiated settlements fall for reconsideration, then considerable thought will have to be given to that risk when settlements are negotiated.

    How We Can Help You | Kangs Financial Crime Solicitors

    Kangs Solicitors are ranked in Band 1 nationally by the legal directory Chambers & Partners for our work in financial crime and fraud cases:

    The financial crime team at Kangs Solicitors is led by Hamraj Kang who is ranked as a ‘star individual’ by Chambers & Partners, a recognition given to only one other solicitor nationally.

    Our team of Specialist Fraud Solicitors can advise individuals and companies at any stage of a fraud investigation and we can represent you from initial arrest and interview stage through to trial.

    We Are Here To Help | Contact Us | Kangs Solicitors

    If you require any advice or assistance relating to financial fraud, or have any matters in which you require representation, please feel free to contact our Team through the following:

    Hamraj Kang
    hkang@kangssolicitors.co.uk
    07976 258171 | 020 7936 6396 | 0121 449 9888

    John Veale
    jveale@kangssolicitors.co.uk
    07779 055907 | 0121 449 9888 | 020 7936 6396

    Frances Murray
    fmurray@kangssolicitors.co.uk
    020 7936 6396 | 07989 521210

    Tim Thompson
    tthompson@kangssolicitors.co.uk
    0121 449 9888 | 020 7936 6396 | 07710 67 77 67

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