HMRC Ramps Up Use Of Dirty Money Powers To Freeze £20M

By Najiyya Budaly (May 27, 2020, 2:42 PM BST) -- HM Revenue and Customs has almost tripled its use of new powers over the past year to freeze and take back £19.5 million ($23.8 million) of dirty cash deposited by criminals in British banks, data published on Wednesday shows.

The tax authority issued 166 account freezing orders in the 12 months ending March 2020, up 177% from 60 the previous year, according to HMRC's response to a Freedom of Information request submitted by law firm RPC.

The orders blocked just under £19.5 million of suspicious funds from being withdrawn in the year to March 2020, compared to £7.9 million during the...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!