The Proceeds of Crime Act 2002 (POCA) was brought in to galvanise law enforcement’s efforts to undermine the criminal business model and to remove one of the major drivers of organised and acquisitive crime – financial gain. Despite the recent legislative changes[i], has this initial policy aim been forgotten?
Information sharing provisions in the context of the fight against money-laundering and counter terrorism finance (AML/CTF) are obsolete and unable to respond to current challenges and threats. The system of reporting suspicious activity needs urgent updating.
The National Strategic Assessment of Serious and Organised crime highlights the growing significance of technology in driving criminal innovation; however, as many police forces struggle to adapt to the digital age, this raises questions about the UK’s ability to tackle the evolving threat.