Proceeds of Crime Act NZ

In 2009, the Proceeds of Crime Act was updated and renamed to the Criminal Proceeds Recovery Act. It enables the confiscation of assets, goods, and property which have a suspected connection with criminal activity.

The purpose of this act is to:

  • Reduce the opportunity for a person to profit from criminal activity.
  • Reduce the opportunity for criminal groups and organisations to expand their operations.
  • Allow New Zealand to deal with foreign forfeiture orders. 

The main issue with the Criminal Proceeds Recovery Act is that it allows for the forfeiture of assets without a conviction. 

 

 

How can we help?

A detailed financial analysis is often necessary to eliminate the suspicion and speculation associated with seized assets. At Indepth, we have extensive experience with:

  • Identification, on balance of probabilities, of the value of unlawful benefit
  • Review of Police financial evidence, including cash availability calculations
  • Calculation of non-respondents’ interest in restrained property
  • Analysis of financial relationships between respondants and non-respondants
  • Examination of source of funds to acquire restrained property
For help and supporting evidence regarding your Proceeds of Crime case, contact us today. We will meet with you and work out a strategy which is appropriate for your situation.

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