The term, ‘money laundering’, refers to the process by which criminals and fraudulent businesses disguise money made from illegal activity. Once illegally acquired funds have been passed through the hands of enough legitimate businesses and institutions, they become untraceable, and are therefore free to be used without threat of repercussions.
The solicitors at Farleys SCU (Special Casework Unit) are thoroughly experienced when it comes to defending businesses that have been accused of money laundering, and are also able to offer legal advice to businesses that wish to ensure they are never unknowingly used as money launderers.
Money Laundering Penalties
Current money laundering regulations and UK law allow for a variety of potential repercussions for those found to be engaging in money laundering activities. These include substantial fines and terms of imprisonment up to fourteen years, also restraint and confiscation proceedings under the Proceeds of Crime Act 2002.
Contact Farleys Solicitors
As members of the Specialist Fraud Panel (formally the Serious Fraud Panel), the serious fraud solicitors at Farleys will be happy to engage in a more detailed discussion of the legal implications of money laundering.
We provide a helpful and reliable legal advice and defence service to clients who have been accused of money laundering and other serious fraud and business crime activities.
Operating from our offices in Manchester and East Lancashire, we are capable of providing legal advice and guidance to clients throughout the UK. For more information on the legal implications of money laundering, or simply to speak to an experienced serious fraud solicitor, contact Farleys on 0125 460 6090 or e-mail us.