Proceeds of Crime Act

The Proceeds of Crime Act (POCA) is a law in the UK designed to combat money laundering and the financial benefits gained from criminal activities. It allows authorities to seize and recover assets obtained through crime, such as money or property. POCA aims to disrupt organized crime and reinforce the idea that crime does not pay. The law enables the courts to make orders for the confiscation of assets and requires businesses and institutions to report suspicious financial activity. Overall, it seeks to deter criminal behavior by removing the financial incentive.