The Proceeds of Crime Act 2002 (POCA) was brought in to galvanise law enforcement’s efforts to undermine the criminal business model and to remove one of the major drivers of organised and acquisitive crime – financial gain. Despite the recent legislative changes[i], has this initial policy aim been forgotten?
Information sharing provisions in the context of the fight against money-laundering and counter terrorism finance (AML/CTF) are obsolete and unable to respond to current challenges and threats. The system of reporting suspicious activity needs urgent updating.
This week a group of survivors and relatives of those killed in the July 7 London bombings have applied for a judicial review of a Home Office decision not to hold an inquiry into the attacks.
Lawyers for the group said the action was being taken to ensure lessons were learned for the future and that legal proceedings would be stopped if an independent and public inquiry was launched.