Barnaby Hone on Extensions of Moratorium Periods

10 September 2018

Barnaby Hone continues his series of POCA, asset forfeiture and asset recovery articles with a commentary piece explaining the new powers prosecution authorities can utilise to extend the moratorium period on Suspected Activity Reports (SARs). Following amendments made to the Proceeds of Crime Act 2002 by the Criminal Finance Act 2017, prosecutors can extend the moratorium period up to a total of 188 days. Barnaby outlines the law and anticipated points of issue, whilst explaining what the anticipated points of issue arising from the notification of interested parties.

Barnaby has a range of experience in fraud, international asset recovery, financial crime and professional discipline law, particularly in healthcare and sports law matters. He has experience of all areas of the Proceeds of Crime Act both domestically and internationally. In addition to his busy practise, Barnaby writes the chapters on International Asset Recovery and Terrorism Finance for Millington and Sutherland Williams on POCA and recently completed a series of seminars and articles on changes to POCA under the Criminal Finance Act 2017. Barnaby is ranked in the Legal500 as a ‘leading individual’ in POCA and Asset Recovery law.

BMH_Extentions of Moritorum Periods

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