There are a number of offences that fall under the Proceeds of Crime Act 2002 (POCA). This legislation covers a range of financial crimes including tax evasion, money laundering and high-value fraud.
Part 6 POCA enables the National Crime Agency to make tax assessments in relation to unidentifiable sources of income suspected to be criminal assets. The NCA may only become involved in certain areas of tax investigations including income tax, capital gains tax, corporation tax, national insurance contributions and student loans.
Fraud is the act of deception for financial or personal gain. High value cases of substantial gain are those typically at the expense of large businesses or organisations. This includes investment fraud, corporate fraud, mortgage fraud, bribery and corruption. Such cases are usually high profile due to the seriousness of the crime.
If you are facing allegations under POCA, Nicholls & Nicholls can offer discretion and expert legal advice as we specialise in this area utilising experts in all fields to support our work.
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