Money Laundering, Criminal Assets and the 1998 Proposed Reforms

Abstract

In November 1998, the Home Office Working Group on Confiscation, a group convened in 1990 to monitor the operation of confiscation and money‐laundering legislation, released its third report, a comprehensive examination of the confiscation and money‐laundering control regimes in England and Wales. The report recommends numerous changes, some of which fill gaps in the present framework and others that radically alter the methods deployed to ensure that criminal profits do not lie secure in the hands of their owners. Previous reports heavily influenced subsequent legislative developments so it is anticipated that this document foreshadows the legislative course to be pursued by the Labour Government in the near future.

Citation

Gallant, M. (1999), "Money Laundering, Criminal Assets and the 1998 Proposed Reforms", Journal of Financial Crime, Vol. 6 No. 4, pp. 325-332. https://doi.org/10.1108/eb025902