Proceeds of crime

In a case where the respondents applied to discharge a property freezing order made under the Proceeds of Crime Act 2002 in respect of proceeds of shares belonging to the respondent. The Queen’s Bench Division dismissed the application and rejected S’s submission that an order for the restoration of the shares to their lawful owner in consequence of the abandonment of forfeiture proceedings in Canada against her, precluded the prosecuting authorities anywhere else in the world from initiating proceedings under their domestic legislation against the proceeds of sale of those shares located within their jurisdiction.