Morgan Rose are experts in dealing with all aspects of proceedings involving the restraint and confiscation of assets under the Proceeds of Crime Act 2002.
Anyone who is the subject of a criminal investigation can be made the subject of a Restraint Order and have all of their assets frozen at the outset of the investigation. These freezing orders very often remain in force for the entire duration of the investigation and prosecution, if charges are brought. This can mean several years. Restraint Orders can impact on personal and business accounts, including the assets of spouses.
Very often, the first that the person concerned knows of the fact that their assets have been frozen is when they come to pay for goods and services, only to discover that all of their debit and credit cards no longer work.
Restraint Orders are designed to preserve assets in the event that the person concerned is convicted of a criminal offence. If this occurs then the Court must consider making an Order, referred to as a Confiscation Order, which is designed to remove assets (very often all of them) that belong to the person concerned. Confiscation Orders are backed by additional prison terms (up to 10 years) for non-payment.
The making of a Confiscation Order can have a dramatic and devastating impact on not only the defendant, but his/her family as well.
Morgan Rose are specialists in all matters relating to the restraint and confiscation of assets and have been involved in headline cases in this challenging area of law.
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