Money Laundering allegations are often complex and can be investigated by many organizations including: HM Revenue and Customs (HMRC), Serious Fraud Office (SFO), Department for Work and Pensions (DWP), Office of Fair Trading (OFT), Department of Trade and Industry (DTI), Serious Organised Crime Agency (SOCA) and the Financial Services Authority (FSA).
Allegations of Money Laundering are infamous in their depth of scrutiny and detail therefore it is vital that the right decisions are made from the outset. We will advise you on your options and help you through all the complexities. We can provide expert, up-to-date advice so that any obstacles or concerns can be overcome and resolved. Our team is highly experienced in tackling problems from the beginning and diffusing potentially damaging situations, leaving your business to operate effectively and with confidence.
Types of Money Laundering.
Money laundering is defined as “ the cleaning or disguising of the origins of the proceeds of crime”. Various schemes range in their nature and severity, however there are effectively only two types of money laundering. Firstly there are ‘own proceeds’, where a person launders the proceeds of their offence. Apart from this Do-It-Yourself style, there is also third party laundering. This involves a person, other than the prime-mover of the principal offence, laundering money on their behalf.
