MONEY LAUNDERING – GOOD NEWS!

The decision in Bowman v Fels (2005) EWCA Civ 226 has overturned the decision in P v P to exclude certain activities from the scope of section 328 “ POCA arrangements offence”. The Judgment describes the excluded activities as “litigation from the issue of proceedings and the securing of injunctive relief or a freezing order up to its final disposal by Judgment.”

The Law Society of England and Wales have issued an extensive Guidance on this implication of Bowman v Fels for practitioners and especially in relation to their reporting obligations.

The Society has previously advised its members of the Law Society of England and Wales' Guidance on Money Laundering (available online at www.lawsociety.org.uk . The new Guidance forms an important addendum to chapter 2 of the main Guidance. It is available online as before.

Any enquiries in relation thereto should be directed to Peter O'Brien or Sue Bryson at the Society.