Quote ="REDWHITEANDBLUE"This not a straight forward decision on who owns a property this is under the Proceeds of Crime Act. In essence the investigation is to identify that assets have been obtained through or linked ro criminality without going into detail as this is a live investigation it's going to be very interesting to see what comes out in relation to the source of the funds used to buy BV by the subject of the order and in particular financial declarations made at that time and then of course the sale of BV at a high price in effect creating legitimate funds that transaction will be interesting. The NCA of course are looking at many such issues so it could be a while before anything comes out. There is the possibility that all identified assets involved could be restrained not sure if this is the case but it could be a factor in getting any work done at the ground.'"
Totally agree,was generalising around issue of title holders actually getting their assets back from innocent purchasers.
The business I'm involved in(just happens to be a target/avenue)for laundering,don't think a week passes without NCA cropping up over some issue,whether it be us reporting or them asking for information.
