Money laundering (Business/Crossover)

Money laundering is criminalised under the Proceeds of Crime Act 2002. It broadly involves dealing with the proceeds of crime, including concealing, converting, transferring or possessing criminal property, or entering into arrangements that facilitate its use or control.

Money laundering offences carry a maximum sentence of up to 14 years’ imprisonment and/or an unlimited fine. Courts may also impose confiscation orders, compensation orders and director disqualification, depending on the circumstances and the defendant’s role.

Our experienced business crime team provides comprehensive legal support, from representation at interviews under caution through to complex trial advocacy. We develop strategic, evidence-led defences designed to protect your liberty, business interests and professional reputation.

Seek specialist legal advice immediately. Do not discuss the matter with colleagues, business partners or investigators without your solicitor present. Early legal intervention can significantly influence the direction of an investigation.

Yes. Under POCA, a person may commit an offence if they knew or suspected that property represented the proceeds of crime. However, establishing a genuine lack of knowledge or suspicion can form the basis of a strong defence, depending on the facts.

Yes. In certain regulated sectors, failure to disclose knowledge or suspicion of money laundering can itself be a criminal offence under POCA, particularly where there is a statutory reporting obligation.

Yes. Permitting your bank account to be used to receive, transfer or hold criminal funds particularly where there is knowledge or suspicion can result in prosecution for money laundering offences.

Absolutely. A conviction can lead to regulatory action, including being struck off by professional bodies, loss of directorships and significant reputational damage, with long-term consequences for your career and business activities.