How Can You Get an Account Freezing Order Removed in the UK?

Question from Oc, How Can You Get an Account Freezing Order Removed in the UK?

Answer from AI:

If you or your business has had an account frozen by an Account Freezing Order (AFO) in the UK, it can be a stressful and complex situation. An AFO is issued by a court under the Proceeds of Crime Act 2002 (POCA) when there are reasonable grounds to suspect that money held in an account is either recoverable property (i.e., derived from unlawful conduct) or is intended to be used in unlawful conduct. Here’s a general guide on steps you might take to get an AFO removed:

Understand the Order

Firstly, it’s important to understand the specifics of the AFO. The order should detail the reasons for the freeze, the amount of money that has been frozen, and the duration of the order. It will also specify any conditions or reporting requirements.

Legal Representation

It is highly advisable to seek legal advice from a solicitor who specializes in asset forfeiture and POCA-related matters. They can help you understand the legal grounds of the AFO and the best course of action to challenge it.

Challenging the Order

To challenge an AFO, you will generally need to apply to the court to have the order discharged or varied. This will involve:

1. Gathering Evidence: Collect evidence that demonstrates the legitimacy of the funds in question. This could include business records, proof of income, tax returns, and any other relevant financial documentation.
2. Filing an Application: Your legal representative will prepare and file an application to the court that issued the AFO. This application should set out the grounds on which you are challenging the order.
3. Attending a Hearing: A court hearing will be scheduled where both sides can present their arguments. You may be required to give evidence or have witnesses testify on your behalf.

Legal Grounds for Removal

The court will consider various factors when deciding whether to remove an AFO, including:

• The source of the funds and whether they are likely to be lawful.
• The impact of the freezing order on your business or personal finances.
• Any delay in the investigation or proceedings by the authorities.
• The strength of the evidence presented by both parties.

Compliance and Cooperation

While the AFO is in place, it’s important to comply with all its terms and any reporting requirements. Demonstrating cooperation with the authorities can be beneficial when seeking to have the order removed.

Appealing a Decision

If the court decides not to remove the AFO, you may have the right to appeal the decision. Your legal representative can advise you on the prospects of an appeal and the process involved.

Preventative Measures

To prevent future issues, consider implementing robust compliance and anti-money laundering procedures within your business. This can help demonstrate the legitimacy of your financial dealings.

Conclusion

Removing an Account Freezing Order is a legal process that requires a clear understanding of the law, careful preparation, and often the assistance of a legal professional. If you are affected by an AFO, it is crucial to act promptly and seek advice from a solicitor with expertise in this area.

For more information on the Proceeds of Crime Act 2002 and Account Freezing Orders, you can visit legislation.gov.uk. Remember, this information is not a substitute for personalized legal advice, which is essential in such matters.