header-logo header-logo

Home Login E-newsletter About us
01 December 2023 / Nicholas Yeo , Ryan Dowding
Issue: 8051 / Categories: Features , Fraud
printer mail-detail

Help for victims under POCA 2002: Better late than never?

© Copyright LexisNexis 2026. All Rights Reserved.
149583
Nicholas Yeo & Ryan Dowding discuss provisions for victims & true owners to chase frozen & forfeited funds
  • Covers the new victim and third-party provisions introduced by the Economic Crime and Corporate Transparency Act 2023, which inserts s 303Z17A into POCA 2002.
  • These permit, for the first time, victims and true owners to seek the release of their funds which have been made the subject of account freezing and forfeiture proceedings.

Inconspicuously tucked away among provisions of the Economic Crime and Corporate Transparency Act 2023 (ECCTA 2023) that have received far greater publicity, and under the unilluminating heading of ‘Consequential and other amendments’, lies a provision with profound implications for the disposal of account freezing and forfeiture proceedings under Pt 5 of the Proceeds of Crime Act 2002 (POCA 2002). Paragraph 6(4) of Sch 9 to ECCTA 2023 (which received royal assent on 26 October 2023) inserts the pithily named s 303Z17A into POCA 2002, to permit, for the first time, victims and

If you are not a subscriber, subscribe now to read this content
If you are already a subscriber sign in
...or Register for two weeks' free access to subscriber content

MOVERS & SHAKERS

Read All
Sponsored by
NLJ Career Profile: Nikki Bowker, Devonshires

NLJ Career Profile: Nikki Bowker, Devonshires

Nikki Bowker, head of litigation and dispute resolution at Devonshires, on career resilience, diversity in law and channelling Elle Woods when the pressure is on

Ellisons—Sarah Osborne

Ellisons—Sarah Osborne

Leasehold enfranchisement specialist joins residential property team

DWF—Chris Air

DWF—Chris Air

Firm strengthens commercial team in Manchester with partner appointment

NEWS
Read All
NLJ this week: ‘Joe Donor’ ruling exposes dangers of unregulated conception
The High Court’s refusal to recognise a prolific sperm donor as a child’s legal parent has highlighted the risks of informal conception arrangements, according to Liam Hurren, associate at Kingsley Napley, in NLJ this week
NLJ this week: CILEX warns Mazur ruling must spark reform
The Court of Appeal’s decision in Mazur may have settled questions around litigation supervision, but the profession should not simply ‘move on’, argues Jennifer Coupland, CEO of CILEX, in this week's NLJ
NLJ this week: Conditional job offers carry hidden risks for employers
A simple phrase like ‘subject to references’ may not protect employers as much as they think. Writing in NLJ this week, Ian Smith, barrister and emeritus professor of employment law at UEA, analyses recent employment cases showing how conditional job offers can still create binding contracts
NLJ this week: Diamond rings and broken promises

An engagement ring may symbolise romance, but the courts remain decidedly practical about who keeps it after a split, writes Mark Pawlowski, barrister and professor emeritus of property law at the University of Greenwich, in this week's NLJ

NLJ this week: The battle over medical report fees intensifies
Medical reporting organisation fees have become ‘the final battleground’ in modern costs litigation, says Kris Kilsby, costs lawyer at Peak Costs and council member of the Association of Costs Lawyers, in this week's NLJ
Copyright © 2026 LexisNexis
back-to-top-scroll