A combination of the prevailing UK legislation and generally accepted practices dictate that in the vast majority of confiscation cases, assets seized under PACE or POCA, even those seized utilising the powers given under Section 47 of POCA, are often held in storage for extended periods of time, suffering unnecessary depreciation.
The threat posed by serious and organised financial crime is better understood than ever before, but as this understanding grows, so does the ever changing challenge as sophisticated criminals constantly seek out and exploit new and fertile opportunities. Fraud and Financial Crime is not only a policing and law enforcement issue.
Many SOC threats are financially motivated and as such we must collectively focus efforts to respond to illicit finance and whilst technology, the movement of people, money and the changing cyber world offer opportunities to the criminal, they also offer opportunities to those seeking to tackle the problem.
Wilsons Auctions has agreed to become a Gold Sponsor for the forthcoming SOCEX – Fraud & Financial Crime Conference.
Following a detailed review of proposals from around the UK, we are delighted to announce today that The SOCEX Strategic Conference 2019 will be returning to The Chesford Grange Hotel in 2019.
The emergence of the County Lines drug supply methodology, which involves gangs using mobile phone lines to deal drugs from urban areas to counties and rural towns, exploiting children and vulnerable people to move and supply drugs, highlights some familiar challenges we face when tackling serious organised crime.
We see reports concerning all kinds of sexual abuse of children, but the vast majority are for child sexual abuse images and videos. While we continue to see children sold for sex in the real world – on the streets, in casinos and at truck stops – most child sex trafficking today is facilitated online.
Having worked with almost every force in the country regarding financial investigation, and nearly all Proceeds of Crime Act (POCA) powered government bodies, we’ve learnt a few key lessons over the years. Through our partnerships, and customers and experts we’ve worked with along the way we’re now sharing this experience of working with those conducting financial investigations abroad.
As the world becomes more interconnected, the policing environment grows more complex. To adapt, law enforcement agencies have had to continually find new ways to do more with less. Efforts to modernize information technologies and enhance agency‐to‐agency communication have done much to improve efficiency and effectiveness.
The threat from Serious and Organised Crime (SOC) continues to evolve. It covers a wide range of criminal offences, from more 'traditional' threats such as drug trafficking to 'newer' threats such as cyber crime, and crimes around which our understanding is evolving, such as modern slavery and child sexual exploitation.