“The Government is consulting on the creation of an illicit enrichment offence, “for use when a public official has a significant and inexplicable increase in their assets”.
The proposed offence is included in a package of measures in the Government’s latest action plan for anti-money laundering and counter-terrorist finance.
The Home Office said the aim was to make the UK “a more hostile place for those seeking to move, hide or use the proceeds of crime or corruption”.
The proposals subject to consultation also include the creation of a new power to require individuals to declare their sources of wealth, and the creation of a linked power to seek forfeiture of assets if they fail to declare their sources of wealth.
The closing date for responses to be submitted is 2 June 2016.”
Page 57 of this document:
gives a list of questions the government wants to consult on and
“The Treasury welcomes your views in response to the questions posed in this Annex and would be keen to hear views on how to best deal with the issues raised with a view to making the supervisory regime more effective. This will help ensure evidence-based policy decisions in these areas.
Electronic responses are preferred and should be sent to: aml@hmtreasury.gsi.gov.uk
Questions or enquiries specifically relating to this consultation should also be sent to the above email address.
Please include the words CONSULTATION VIEWS or CONSULTATION ENQUIRY (as appropriate) in your email title. If you do not wish your views to be published alongside the Government response to this consultation, please clearly specify this in your email.
Hard copy responses may be submitted to:
Review of AML/CFT Supervision Sanctions and Illicit Finance Team 1st Floor Blue
HM Treasury
1 Horse Guards Road London
SW1A 2HQ
East Devon Watch 