R v IK
30th July 2007
[2007] WTLR 817; Court of Appeal, Criminal Division
A ran a business transferring money between the UK and Pakistan. B, who had a grocery business, asked A to transfer £200,000, which represented undeclared income, to Pakistan. The £200,000 represented profits made from legitimate trade. Although it did not become criminal property within s. 340(5) of the Proceeds of Crime Act 2002 simply by reason of B’s failing to declare it to the Revenue, it was held that, as B had systematically cheated the Revenue, such part of the £200,000 as was a part of that activity was criminal property.
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