ASSET SEIZURES UNDER THE PROCEEDS OF CRIME ACT 2002 (CTH)
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The Proceeds of Crime Act 2002 (POCA) is primarily, but by no means exclusively, concerned with the disgorgement of profits allegedly derived from offences against Federal and Foreign law. Litigation under the Act is civil and in many instances the onus of proof is reversed. It has some limited protections and judicial discretions.
Since 2014, in a number of cases around the country, the AFP has been arguing that innocent victims of the money laundering methodology of cuckoo smurfing are not protected by s330(4)(a) when funds are paid into their bank accounts in what is termed a ‘structured’ fashion.
If you have received a freezing notice, freezing order or restraining order, please contact us immediately as strict time limits apply.
Since 2014, in a number of cases around the country, the AFP has been arguing that innocent victims of the money laundering methodology of cuckoo smurfing are not protected by s330(4)(a) when funds are paid into their bank accounts in what is termed a ‘structured’ fashion.
If you have received a freezing notice, freezing order or restraining order, please contact us immediately as strict time limits apply.
CONTACT US
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Send us your inquiry or contact us to organise a visit to our Sydney CBD office on (02) 9218 7300.
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