Account Freezing Orders were introduced by the Criminal Finances Act 2017.
This amended the Proceeds of Crime Act 2002 (POCA) by giving authorities the power to freeze bank and building society accounts belonging to individuals or corporate entities where criminal activity is suspected.
Account Freezing Orders are a powerful and effective tool for criminal investigators and they are becoming an increasingly popular weapon for tackling money laundering and terrorist financing.
You can read more about the impacts they can have on individuals and businesses in our blog.
Dispute Account Freezing Orders
If you find yourself facing an Account Freezing Order. it is important to seek legal representation as quickly as possible.
Instructing a solicitor to review a freezing order is a good way to start understanding how and why it has been implemented and what to do next.
Our team at Monan Gozzett has extensive experience in advising clients on complex POCA related matters and we have a reputation for providing exceptional levels of service to all our clients.
We regularly work alongside leading QCs and specialist Counsel in London in relation to these areas. We can advise you on how to unfreeze bank accounts that are subject to Account Freezing Orders quickly and effectively.
We also work closely with our dispute resolution team who bring their own unique commercial experience and insight to these matters.
If you have been subject to an Account Freezing Order and require immediate assistance, then please contact us for a confidential discussion.