Legal professionals need to grasp the detail of the Proceeds of Crime Act or risk paying a heavy price.
Criminal prosecution faces practitioners who fail to get to grips with the issues. Responsibility for ensuring the legal provenance of money or assets is firmly on the shoulders of the private sector. The value of UK assets derived from crime is estimated at £18bn, and with new government targets aimed at confiscating £60m per annum by 2004-05, practitioners must expect tough action from the Assets Recovery Agency.
