abvsolicitors.co.uk
You may have heard of the term ‘money laundering’
concerning businesses and corporations and may be
uncertain about what it means. This can be a particular
problem if you are the head of a business or corporation and
have found yourself on the receiving end of a money
laundering accusation.
Under UK law, money laundering is considered a very serious
offence as, simply put, it is usually linked to illegal activities
and is a way for businesses, corporations or people to avoid
paying taxes. So, if you find yourself under the accusation of
money laundering, you need to seek out the help of a fraud
solicitor as soon as possible.
To help you make a bit more sense of the process, the
following guide has been put together by a fraud solicitor to
help you understand the terminologies used relating to money
laundering, how you can prevent it in your business and the
sentencing laws.
Money laundering is when someone hides the original source
of money linked to their business. This is usually done
because the money has been obtained through illegal activity,
such as drugs or human trafficking. If you or one of your
associates have been accused of money laundering, you will
need to contact a fraud solicitor within the UK as soon as
possible to seek advice. They will aim to help you identify and
prove the source of the money or assets that are under
question and will defend your corner if you have come under
suspicion due to your business relationships with another
person who has been found guilty or is being accused of this
crime.
What is money laundering?
Burglary is different to robbery in that it typically occurs when
a property is empty. So, if you come back from holiday and
find that your home has been broken into and items have
been stolen, this is burglary. Robbery involves a person being
present on the property at the time and the threat of violence
being used to gain access and take the goods. These are the
key factors that a criminal solicitor will look out for when
determining which actions you