Serious Crime Bill Flashcards
1
Q
Which three TI recommendations does the SCB address?
A
Lowers the burden required for restraining assets (Clause 11)
Hinders networks of family, lawyers & accountants being used to hide stolen assets (Clauses 1, 4, 41)
Extends money seizure powers (beyond just cash) to other realisable cash or cash-like products (Clause 14)
2
Q
What is the SCB lacking?
A
It doesn’t:
Enable rapid freezing of assets
Extend the period to refuse consent for a suspicious transaction
Create an illicit enrichment offence
End land registry secrecy
Stop lawyers looking the other way
Stop those accused of grand corruption exhausting suspected assets on legal fees
