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Proceeds of Crime and Money Laundering

Our proceeds of crime solicitors act for individuals and their family members, as well as financial institutions, professional services firms and companies.

"It's an outstanding team. There is fantastic expertise within the group, from the very top down."

Chambers UK 2025

"They are very innovative and forward-thinking. The team has a very good understanding of nuances that crypto presents."

Chambers UK 2025

“Kingsley Napley have been doing this for so long meaning that as a firm they've got that wealth of heritage experience and it becomes ingrained.”

Chambers and Partners 2024

“They easily grasp the matter in hand and provide straightforward, easy to understand and commercial advice.”

Chambers and Partners 2024

“Kingsley Napley is at the very top of all types of commercial and financial crime defence work. The team are hugely competent and hard-working lawyers.”

Chambers UK 2022

"It is a really strong POCA firm with good client handling and determination to get a result.”

Chambers UK 2022

“It is a brilliant firm with a truly outstanding retinue of lawyers who work exceptionally well as a team. They are strategic, sharp and dedicated.”

Chambers UK 2022

Kingsley Napley has an excellent reputation for proceeds of crime work, born of long-standing experience. This practice area continues to grow as law enforcement agencies target funds alleged to have a suspicious origin and make increasing use of measures designed to tackle illicit finance, including account freezing orders and unexplained wealth orders.
 

We act for individuals and their family members who may find themselves, unwittingly or otherwise, targets of the asset recovery or forfeiture regimes. We also advise financial institutions, professional services firms and companies – from the property, art market and gambling sectors through to medicinal cannabis manufacturers.

The risks of falling foul of enforcement action under the Proceeds of Crime Act 2002 (“POCA”) can be loss of assets, fines or even imprisonment. Our priority is to deal with allegations as quickly and discreetly as possible. We are recognised as a go-to firm for those alleged to be connected – directly or indirectly – with funds of suspicious origin. We are also frequently approached by individual and corporate clients to conduct preventative checks on their asset base or company processes for monitoring money laundering or POCA compliance.

Proceeds of crime solicitors

We have a large team of expert lawyers who routinely deal with matters involving all UK law enforcement agencies, including the police, National Crime Agency, Crown Prosecution Service, Serious Fraud Office, Financial Conduct Authority and HM Revenue & Customs.

Our reputation is built on a combination of our legal acumen and our understanding of clients’ interests, in circumstances of invariably high stakes: be it the need for urgent access to business or living expenses, the destiny of family assets or the protection of individual or corporate reputations.

The armoury of restraint and confiscation tools available under POCA has been reinforced over time, including by the Criminal Finances Act 2017 which introduced Account Freezing Orders, Account Forfeiture Notices and Orders and Unexplained Wealth Orders.

The State’s appetite for confiscating assets suspected of representing criminal property is very real, and diminishing the UK's reputation as a safe haven for dirty money is an oft-stated priority for law enforcement. As a consequence of relentless focus over the last two decades, the UK now has probably one of the toughest asset recovery regimes in the world.

 

What clients and directories say

The feedback we consistently receive from our clients and peers speaks for itself.

The individuals and team(s) at Kingsley Napley are some of the kindest, smartest, and most devoted professionals that I’ve had the pleasure of working with."

Legal 500 UK 2023

All of the solicitors I worked with were able to quickly assimilate the critical information and provide first-rate advice that was both comprehensive and pragmatic.”

Chambers UK 2023

Kingsley Napley is at the very top of all types of commercial and financial crime defence work. The team are hugely competent and hard-working lawyers.”

Chambers UK 2022

It is a really strong POCA firm with good client handling and determination to get a result.”

Chambers UK 2022

It is a brilliant firm with a truly outstanding retinue of lawyers who work exceptionally well as a team. They are strategic, sharp and dedicated.”

Chambers UK 2022

They are a really outstanding firm - their POCA and asset forfeiture work is absolutely first-class."

Chambers and Partners 

The team is "on top of its game" thanks to being "exposed to tremendous cases."

Chambers and Partners, 2020

One of the premier white collar defence teams in London."

Legal 500 UK 2020

They have a very sophisticated high net worth practice and a real sensitivity to the kind of issues that high net worth individuals face,"

Chambers and Partners, 2019

The firm has very good criminal lawyers with strength and depth throughout the department."

Chambers and Partners, 2019

Clear and direct in their advice, with very good client skills. They reassure their clients and are responsive."

Chambers and Partners, 2018

Outstanding practice which frequently defends corporate entities and high-profile individuals in restraint and money laundering matters."

Chambers UK 2017

When it comes to money laundering matters, “there is no one better” than Jonathan Grimes, who “never fails to deliver astute and considered counsel” to clients”

Who's Who Business Crime Defence

 

read our newsletters 

Proceeds of Crime Newsletter Edition 1 - July 2023

Proceeds of Crime Newsletter Edition 2 - February 2024

Proceeds of Crime Newsletter Edition 3 - November 2024

Proceeds of Crime Newsletter Edition 4 - Summer 2025

 

For more information please contact our specialist proceeds of crime lawyers.

Click here to visit our new AML Hub

The individuals and team(s) at Kingsley Napley are some of the kindest, smartest, and most devoted professionals that I’ve had the pleasure of working with."

Legal 500 UK 2023

All of the solicitors I worked with were able to quickly assimilate the critical information and provide first-rate advice that was both comprehensive and pragmatic.”

Chambers UK 2023

Latest blogs & news

SFO Unexplained Wealth Orders – new focus for illicit finance?

On 17 January, the Serious Fraud Office (SFO) secured its first Unexplained Wealth Order, in respect of a property believed to have been purchased with the proceeds of a £100 million fraud. 

UK FIU report reveals more efficient and better quality SARs reporting landscape

The NCA’s UK Financial Intelligence Unit (UKFIU) has published its latest Annual Report (somewhat later in the year than usual). The UKFIU is responsible for receiving, analysing and disseminating intelligence submitted through the Suspicious Activity Reports (SARs) regime and its role is to alert law enforcement agencies, both at home and abroad, to potential instances of money laundering and terrorist financing.

                                     

What to do after a raid by the Serious Fraud Office?

Many of the SFO’s most notable recent investigations have begun with dawn raids, so-called because they normally occur very early in the morning. These raids can be a disorientating and uncomfortable experience in themselves, but as we explain further below, unfortunately they normally signal the beginning of a major SFO investigation. The period between arrest and charge – which can be lengthy in complex white-collar crime investigations – is absolutely critical. So, what should you and your legal team be doing in this period?

Expansion of failure to prevent: The theory is almost reality

For more than a decade, lawyers, academics and business representatives have been discussing the need for a new approach to corporate criminal liability for economic crime. With significant expansion of the tried and tested failure to prevent (FTP) structure now imminent, and further debate on the Economic Crime and Corporate Transparency Bill scheduled for late March, there are questions still to be answered.

‘Made in China’ as Possible Supply Chain Money Laundering

It is estimated that 30% of the world’s production of cotton originates in China. Of that cotton 85% originates in Xinjiang, which is the centre of the Uyghur atrocities. Recently before the High Court, the World Uyghur Congress (“the WUC”) argued that UK authorities were under a duty to block and/or launch money laundering investigations into the many imports of Xinjiang cotton brought into the UK - many by household names in the clothing industry – because of the high likelihood of prison and forced labour forming the start of the supply chain

Major rise in SARs volume and suspect funds locked – UK FIU report

The latest Annual Report of the NCA’s UK Financial Intelligence Unit (UKFIU), published this week, makes interesting reading. The UKFIU is responsible for receiving, analysing and disseminating intelligence submitted through the Suspicious Activity Reports (SARs) regime and its role is to alert law enforcement agencies, both at home and abroad, to potential instances of money laundering and terrorist financing.

The Gambling Commission’s focus on AML failings shows no signs of abating with the publication of new regulatory actions

With the back-to-back release of public statements, regulatory actions by the Gambling Commission are coming thick and fast. On 17 January the Commission announced it had agreed a regulatory settlement with the online gaming company, Vivaro Limited trading as Vbet, in respect of its AML and responsible gambling failings. Following swiftly on its heels was the statement of action taken against another online gaming company, TonyBet, for imposing unfair terms and for its AML and responsible gambling failings.

FCA anti-money laundering fines continue to mount up

Over the past few months, the FCA has handed out a string of significant financial penalties relating to anti-money laundering (AML) systems and controls failures at financial institutions in the UK.

Law Commission recommendations for confiscation reform: Is there the will to find a way?

Following a lengthy period of research and consultation, the Law Commission (‘the Commission’) has published its final report and recommendations for the reform of Part 2 of the Proceeds of Crime Act 2002: the post-conviction confiscation regime (‘the report).

Kingsley Napley contributes to significant Law Commission criminal justice reform project

Kingsley Napley contributes to significant Law Commission criminal justice reform project. The Law Commission has today published its long-awaited recommendations for reform of the UK’s post-conviction confiscation regime. Work on the project began in November 2018, after the Home Office asked the Law Commission to review the regime found in Part 2 of the Proceeds of Crime Act 2002.

First HMRC fine for an Art Market Participant

Since the introduction of the Money Laundering Regulations in 2017, HMRC have maintained a public list of businesses within the regulated sector who have breached their AML obligations. Aside from being a warning of the perils of non-compliance, the identities of the publicly named and shamed businesses offer a glimpse into HMRC’s priorities. The eagle-eyed observer of the latest update to this list will note that it includes for the first time a business within the art market sector.

FCA as gatekeeper of UK crypto AML regime: two years in

On 10 January 2020, the Financial Conduct Authority (FCA) became the anti-money laundering (AML) and counter-terrorist financing (CTF) supervisor for UK cryptoasset firms. Two years in, how effectively is it performing its role as the gatekeeper of the new registration regime?

Gambling Sector: Compliance and Enforcement Report reveals concerns over weak AML controls

On 9 December the Gambling Commission published its annual Compliance and Enforcement Report for the financial year 2020–2021. This confirmed that the period was particularly active for the Enforcement and Compliance teams, with a record total of £32.1 million being paid by 15 gambling businesses as a result of fines or regulatory settlements. This included over £1.3m being paid by White Hat Gaming Ltd, after a January 2020 review by the Commission of its operating licence revealed inadequate policies and produces in respect of anti-money laundering (“AML”) and safer gambling.

Met Police appetite for Account Freezing Orders undimmed by pandemic

Account Freezing Orders (AFrOs) are a measure introduced by the Criminal Finances Act 2017 and have been available to a wide range of law enforcement agencies since February 2018.

The FCA proposes new listing guidance for cannabis-related businesses – a positive step for investors concerned about the Proceeds of Crime Act

In September 2020 the FCA published a statement regarding the listing of cannabis-related businesses (CRBs) in the UK. Since then several CRBs have been admitted to the London Stock Exchange (LSE) and appetite for investments in the medicinal cannabis industry continues to grow.

AML and the Art Market: HMRC publishes its first risk assessment

Many art dealers, galleries and auction houses are now subject to the UK’s anti-money laundering regime and are defined as art market participants (AMPs) - see our related blog The compulsory embrace of the art market by the UK's Anti-Money Laundering regime. On 28 June HMRC published its first assessment of the key areas that AMPs should consider when conducting their own assessments of the risk of money laundering and terrorist financing to which their business is subject.

Buying property with crypto assets: Can it ever be justified?

A Director at the National Crime Agency recently voiced concern about crypto assets being used to fund property purchases in the UK. The NCA’s Nigel Leary was quoted by The Times as saying: “Anything purchased with crypto assets I’d be slightly sceptical about. I’d like to see why they’re being done in that way and what the requirement is for that anonymity, and why it needed to be done in a crypto transaction.”

Will the CPS’ decision to update its guidance mean an increase in prosecutions for failure to disclose under section 330 of POCA 2002?

Recent guidance issued by the CPS on the offence of ‘failure to disclose’ under section 330 of the Proceeds of Crime Act 2002 (‘POCA 2002’) states that it is now “possible to charge an individual under section 330 even though there is insufficient evidence to establish that money laundering was planned or has taken place.”

To date, there have seldom been prosecutions for this offence but this guidance – effectively removing a significant element of the offence - suggests that the CPS may be looking to bring more charges in the future.

The risks and penalties of money laundering for charities and how to guard against it

Money launderers will look for any opportunity to take advantage of organisations with weak financial controls in order to launder their ill-gotten gains. Charities, trustees, employees and volunteers who knowingly or unwittingly assist money launderers, or who fail to report suspicions, may commit a criminal offence and find themselves liable to prosecution. 

HMRC’s record fine for money laundering breaches

HMRC monitors over 30,000 businesses to ensure their compliance with the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (the regulations). Businesses which are found to have breached their regulatory obligations are at risk of civil and even criminal penalties.

Proceeds of Crime and Money Laundering Insights

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Blogs

What to do after a raid by the Serious Fraud Office?

Introduction to the Economic Crime and Corporate Transparency Act

What are political parties saying about fraud and corruption?

Government announces independent review of disclosure and fraud offences

What’s happening with failure to prevent?

Fraud: 2023’s unwelcome guest

Expansion of failure to prevent: The theory is almost reality

Joint police and FCA action underlines law enforcement attention on cryptoasset activity

‘Made in China’ as Possible Supply Chain Money Laundering

Major rise in SARs volume and suspect funds locked – UK FIU report

The Gambling Commission’s focus on AML failings shows no signs of abating with the publication of new regulatory actions

Met Police appetite for Account Freezing Orders undimmed by pandemic

The FCA proposes new listing guidance for cannabis-related businesses – a positive step for investors concerned about the Proceeds of Crime Act

Buying property with crypto assets: Can it ever be justified?

Will the CPS’ decision to update its guidance mean an increase in prosecutions for failure to disclose under section 330 of POCA 2002?

What do universities need to know about the UK’s Anti-Money Laundering regime?

How immune are COVID-19 relief scheme fraudsters from law enforcement action?

The risks and penalties of money laundering for charities and how to guard against it

COVID-19 Fraud: New Taxpayer Protection Taskforce

HMRC’s record fine for money laundering breaches

Another Civil Recovery Settlement: SFO v Julio Faerman

A consistent approach to extensions of moratorium periods for Suspicious Activity Reports

Account freezing and forfeiture powers widely used by law enforcement agencies

Cannabis and the UK investor – two years on

Furlough Fraud - what about the other £2bn?

Coronavirus business loan scheme fraud

The NCA finally obtains the benefit of Unexplained Wealth Orders

Tackling Illicit Finance: SFO uses Listed Asset Order for first time

NCA’s Annual Report 2019-20: a focus on recovering the proceeds of crime and asset denial

City of London Police seize more than £2 million in cross-border money laundering operation

Further clarification on the rights of third parties in confiscation proceedings

End of the road for the NCA in NCA v Baker

Unexplained Wealth Orders: An overview of the regime to date

Account Freezing Orders – Court makes €1.9 million Forfeiture Order

Online casino fined £3 million for "systemic" AML failings

NCA relentless in demand for answers to unexplained wealth

The (quiet) extension of the AML regime: an overview

Subject of Unexplained Wealth Order now hit with Account Freezing Order

The Fourth AML Directive - The current roadmap and possible changes to the AML landscape two years on

AML: HMRC flexes enforcement muscle to the tune of £7.8 million

Proceeds of Crime: new Asset Recovery Action Plan seeks to leave “no safe space” for dirty money

AML failure: Gambling Commission takes action

NCA obtains first UWO against a suspected organised criminal – a change in approach

The rights of third parties in confiscation matters: an inhospitable landscape

Unexplained Wealth Orders for prime property

Wine as an investment – the wine merchant’s risk

Crunching the numbers: is the National Crime Agency right to seek additional funding?

SRA AML audits: be prepared

SFO secures “largest seizures of its kind” using new asset forfeiture powers

SRA to undertake AML audits as enforcers keep focus on “professional enablers”

Unexplained Wealth Orders: What we know one year on

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