Wills & Trusts Law Reports | January/February 2017 #166The representor was the trustee (T) of a Jersey law governed discretionary trust (R) established in 1999 and valued at £402,000. The first respondent was the settlor (S). The class of beneficiaries included S’s wife and three children.
When R was established, S described himself as a civil engineer and informed T that the funds settled were proceeds of engineering consultancy contracts which he had worked on over the last 20 years. He did not disclose that he held public office in Mozambique.
In 2010, T discovered that a company had been convicted in England of paying bribe...
Confiscation of assets from those convicted of a crime is not a new concept. Helen Boniface and Jessica Hickson report on how the confiscation process is being used in a new way with far-reaching implications ‘Proceeds of Crime Act confiscation can potentially have serious ramifications for both corporations and individuals convicted of any crime.’ People …
Continue reading "Proceeds Of Crime: A new direction?"
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