Seized money: England and Wales

Part of Criminal Finances Bill – in a Public Bill Committee at 2:30 pm on 17th November 2016.

Alert me about debates like this

Photo of Ben Wallace Ben Wallace Minister of State (Home Office) (Security) 2:30 pm, 17th November 2016

The clause is a technical amendment to POCA, specifically to update references to the definition of “bank” in three sections. The current reference in POCA is to the Banking Act 1987, which was repealed in December 2001, before POCA was commenced. The reason for its repeal was to remove bank regulation from the Bank of England, and to make it independent. Although no universal definition of a bank was given in the Banking Act, and nor is there any such definition in the subsequent legislative changes, a bank is defined by its activity as a deposit taking institution.

The only references in POCA affected by the change are those in three sections: section 67, section 215, and paragraph 6 of schedule 3. In addition, the definition will apply for the purpose of the new powers in the Bill to freeze and forfeit funds in a bank account.

Section 67 provides that where a confiscation order is made against a person, and moneys belonging to that person are held in a bank or building society account maintained by the police or HMRC, those institutions can be ordered to pay those moneys to the court. Section 215 makes equivalent provisions for Northern Ireland, and paragraph 6 of schedule 3 of POCA refers specifically to a Scottish provision relating to the deposit of certain moneys by an administrator into an “appropriate bank or institution”.

These changes replicate, as much as possible, the previous provisions, while recognising that the legislation in the area has now changed. I hope the clause will stand part of the Bill.

Annotations

Evan Loren
Posted on 18 Jan 2017 3:19 am (Report this annotation)

These days I find myself switching out pants for skirts on the regular. Is it because I want to wear my fake oakleys sunglasses? who knew one day i'd pledge my love to pleather.the other reason i had to change into something a little more conducive to this chilly weather, is because we are going christmas tree shopping after work!! Get ready friends, you're going to be seeing this pair a lot.I have noticed that I've been loving skirts lately, which isn't unusual but isn't typically my first choice. I am usually all about that but have loved having www.cheapoalkeysunglasses.com the ability to switch up my outfit a bit more with skirts. I forget how much I love dressing in all black until it's autumn and winter again. This skirt is from Loft, and it reminds me of an updated pencil skirt. I loved the website look and the little gold button on the side. This skirt is as classic as it gets.