Call us 0333 370 4333
20/07/18

Confiscation Proceedings | Third Party Interests | Kangs POCA Solicitors

Share

Kangs Solicitors recently successfully assisted  a client in Confiscation Proceedings brought under the Proceeds of Crime Act 2002 (‘POCA’) where the only realizable asset was the family home (‘the property’) in which he purported to have no financial interest, but which remained occupied by his estranged wife.

John Veale of Kangs Solicitors comments upon the circumstances.

The Circumstances | Kangs Confiscation Solicitors

The Prosecution alleged that our client had a substantial interest in the property by virtue of monetary payments assisting the purchase and maintenance of the property which arose from the proceeds of crime.

Our client denied any interest in the property and his estranged wife gave notice of her intention to enforce her third party financial rights in the property.

The Law | Kangs Financial Crime Solicitors

In 2015, POCA was amended in respect of third party interests enabling:

  • third parties to make representations in respect of their interest and to be represented at the Confiscation Hearing
  • the Court to seek representations from those seeking to enforce a third party interest
  • the Court to determine the validity of any claim to a third party interest.

Potential Effect of Third Party Action | Kangs POCA Defence Solicitors

The actions of a third party, who will require independent legal advice, may lead to procedural obstacles where:   

  • any advice received and assertions made by the third party are disruptive to the defendant’s case.
  • the third party fails to attend the Confiscation Hearing and/or has no legal representation. In such circumstances:
  1. the Court may make an order that is not consistent with the third party’s alleged interest,
  2. the disputed asset may fall for recovery under the Confiscation Order and
  3. if enforcement is required, a Management Receiver may be appointed by the Court to sell it.

The Successful Outcome Achieved | Kangs Financial Crime Defence Lawyers

Notwithstanding the third party’s initial indication of her intent to pursue a claim, she failed to attend the Confiscation Hearing or be represented.

However, detailed and extensive negotiations throughout the proceedings enabled a settlement to be reached involving:

  • our client paying a negotiated sum to satisfy the Confiscation Order
  • our client accepting that he had an interest in the property
  • our client recognizing that if he failed to meet the requirements of the Confiscation Order the authorities could enforce against the property for the unpaid amount.

Accordingly, upon our client satisfying the terms of the Confiscation Order, the property, occupied by the estranged wife,  will be secure from any future enforcement action and any subsequent  increase in the  value of the property will accrue for her benefit.

How Can We Help? | Kangs POCA Defence Specialists

At Kangs Solicitors we have a team with many years experience dealing with POCA proceedings at all levels and we are recognized nationally for such work having been involved in  some of the largest and most complex cases ever pursued by the authorities.

If you have any requirement for assistance with regard to any facet of POCA proceedings, then please do not hesitate to contact our team through any of the following:

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

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

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

News insights, Serious Fraud, Services
A former Labour MP, Jared O’Mara, has received an immediate custodial sentence of four years having been found guilty, following his trial, of six counts of fraud relating to false expenses claims for work that he never carried out in respect of jobs that did not even exist. For further Press details please follow the […]
07/03/23
Criminal Litigation, News insights, Services
Kangs Solicitors has recently successfully defended a client facing an allegation of assault occasioning actual bodily harm arising from an incident forced upon him whilst he was simply conducting his  business, running a restaurant in London’s West End, when confronted with an unsavoury situation. Kangs Solicitors was instructed from the onset attending the interview under caution at Charing […]
06/03/23
Insolvency, News insights, Services
Kangs Solicitors has been instructed to defend claims against our client alleging breaches of Section 212 and 213 of the Insolvency Act 1986. The claims are being brought by the joint liquidators of our client’s company on the basis that our client allegedly knew that he and his company were participating in ‘Missing Trader Intra- Community’ Fraud’ […]
01/03/23

Get in touch

Need legal assistance? Contact our experienced team for prompt and professional support.
Your privacy is important to us and all details you share will be kept confidential.
Old map of Birmingham