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 Fraud and Business Crime 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.
We provide a helpful and reliable legal advice and defence service to clients who have been accused of money laundering and other fraud and business crime activities.
Operating from our offices in Manchester and Lancashire, we provide legal advice and guidance to clients throughout the UK.
Money Laundering Penalties
Current money laundering regulations and UK law allow for a variety of repercussions for those found to be engaging in money laundering activities. These include substantial fines and terms of imprisonment up to fourteen years. Individuals convicted of money laundering may also be subject to restraint and confiscation proceedings under the Proceeds of Crime Act 2002.