Two new instruments extend the powers of Welsh Revenue Authority (WRA) officers to pursue money laundering investigations.
The Proceeds of Crime Act 2002 (References to Welsh Revenue Authority Financial Investigators) (Amendment) Order, SI 2018/767, enables Welsh Revenue Authority investigators to exercise powers in connection with two new categories of investigation created in the Proceeds of Crime Act 2002, covering ‘detained property’ and ‘frozen funds’, as well as powers under the Criminal Finances Act 2017 to apply for extension of the moratorium period in money laundering investigations. The regulations come into force on 20 July 2018.
The Tax Collection and Management (Wales) Act 2016 (Supplemental Provision) Regulations, SI 2018/768, amend the Proceeds of Crime Act 2002 to enable Welsh ministers to make provision for investigators in the WRA to exercise powers in connection with the above powers. The regulations come into force on 20 July 2018.
Two new instruments extend the powers of Welsh Revenue Authority (WRA) officers to pursue money laundering investigations.
The Proceeds of Crime Act 2002 (References to Welsh Revenue Authority Financial Investigators) (Amendment) Order, SI 2018/767, enables Welsh Revenue Authority investigators to exercise powers in connection with two new categories of investigation created in the Proceeds of Crime Act 2002, covering ‘detained property’ and ‘frozen funds’, as well as powers under the Criminal Finances Act 2017 to apply for extension of the moratorium period in money laundering investigations. The regulations come into force on 20 July 2018.
The Tax Collection and Management (Wales) Act 2016 (Supplemental Provision) Regulations, SI 2018/768, amend the Proceeds of Crime Act 2002 to enable Welsh ministers to make provision for investigators in the WRA to exercise powers in connection with the above powers. The regulations come into force on 20 July 2018.
