Criminal Finances Act 2017

The Criminal Finances Act 2017 enhances measures to combat money laundering and financial crimes. It introduces stricter sanctions, including the power for authorities to *detain* and *confiscate* assets suspected to be connected to criminal activity, even before charges are proven. The Act also establishes new offenses for companies failing to prevent their employees or associates from committing money laundering. Additionally, it empowers law enforcement to issue *Unexplained Wealth Orders*, requiring individuals to explain the origins of assets deemed disproportionate to their income, thus aiding in the identification of illicit wealth.