NCA seizes £ 10 million of laundered funds below tax fraud program

Law360, London (Dec. 18, 2020, 2:52 p.m. GMT) – The National Crime Agency was given the go-ahead Friday to reclaim £ 527,000 ($ 711,000) from a luxury car dealer’s account, a judge found part of a money laundering system that defrauded the UK tax authorities Has.

Judge Maura McGowan cleared the NCA’s civil reclaim order in the High Court against a Barclays Bank account held by Niche Cars Ltd., a self-described car salesman in northern England that no longer exists.

The agency has accused Niche Cars of investing £ 3.8million in an investment by a person charged with tax evasion to avoid payroll and VAT …

Stay ahead of the curve

In the legal profession, information is the key to success. You need to know what is happening to customers, competitors, areas of activity and industries. Law360 has the intelligence you need to stay an expert and beat the competition.

  • Access to case data in articles (numbers, filings, courts, type of lawsuit, etc.)
  • Access to attached documents such as Briefs, petitions, complaints, decisions, motions, etc.
  • Create custom notifications for specific article and case topics and much more!

TRY LAW360 FREE FOR SEVEN DAYS