The following Corporate Crime guidance note provides comprehensive and up to date legal information covering:
When cash has been seized, an application can be made by an officer (ie an immigration officer, HMRC officer, officer of the Serious Fraud Office (SFO), police officer or an accredited financial investigator) for forfeiture of the cash, or it may be returned to the person from whom the cash was seized or it may be returned to the owner of the cash who is a third party. See Practice Note: Cash seizure and detention.
The officer who seized the cash may release it, or any part of it, after notifying the magistrates' court, if they are satisfied the detention can no longer be justified. Where this does not occur, applications for the return of detained cash can be made to the magistrates’ court either by the person from whom the cash was seized or a third party owner of the cash.
The magistrates’ court may release cash seized before the expiration of a continued detention order on the application of the person from whom the cash was seized if the conditions for the detention of the cash contained in section 295 no longer apply. This means that the return of seized cash can be granted on the grounds that:
it is not recoverable property
it is not intended for use
**excludes LexisPSL Practice Compliance, Practice Management and Risk and Compliance. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and thousands of others like it, sign-in to LexisPSL or register for a free trial.
Existing user? Sign-in
Take a free trial
Take a free trial
0330 161 1234