Last year the Metropolitan Police undertook a co-ordinated series of raids against three London Safety Deposit Box businesses under the code name "Operation Rize".
I think that this operation may well become a turning point in how, why and where the Proceeds of Crime Act is used in the UK. The link to an excellent article is below.
http://www.dailymail.co.uk/home/moslive/article-1222777/The-raid-rocked-Met-Why-gun-drugs-op-6-717-safety-deposit-boxes-cost-taxpayer-fortune.html
However, before I sound off on the subject, I'd welcome your thoughts on Operation Rize. Was it, from your point of view a success or an overreaction? Was it exactly what POCA was designed to do or was it an abuse of process?
The floor is yours.
The world of AML has changed out of all recognition over the last decade. Old crimes are subject to new laws, professional firms and financial institutions are subject to criminal sanctions and regulatory review as never before. Yet the individual client has virtually no say over what various national governments and their competing departments are doing to their rights and liberties in their name. This blog attempts to address the dilemma posed by the question “Quis custōdiet ipsōs custōdēs?”
Showing posts with label Metropolitan Police Service. Show all posts
Showing posts with label Metropolitan Police Service. Show all posts
Thursday, 17 December 2009
Wednesday, 7 October 2009
Met Police Human Trafficking unit under threat
Image via Wikipedia
The unit appears to be the victim of the old problem that specialisation costs.
A decision is expected within the next few weeks. You can find a link to a Press Association article here: http://www.google.com/hostednews/ukpress/article/ALeqM5jGCErLyU7Jbqj0EoNb2j9D7bzZEA
Why have I picked this story out? Because in July 2009, SOCA published it's 2009/10 UK Organised Crime threat Assessment. The report identifies five general areas of concern of which Human Trafficking falls under Organised immigration crime is a key area of concern. FYI the map is of the US Human Trafficking picture. In theory, the UK then aligns its response to such criminal activity sector by sector.
If the Met go ahead with this decision, my concerns would be as follows:
1 The Labour Government of the UK will talk about harm reduction strategies, but will not fund them properly. Here Labour have form with their inadequate funding of the war in Afghanistan.
2 The message to human traffickers will be sent out that the risk of being caught and prosecuted in the UK has reduced. Thus making the UK a more attractive target on a risk assessed basis.
Since human trafficking is thought to be the third most profitable activity in the organised crime world (after illegal drugs and arms trafficking) one would expect professional money launderer to get busier!
Do you agree?
Let me know your thoughts.
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