Circumvention offences establish criminal liability for breaches of financial sanctions. The potential engagement of the circumvention offences invites a review into whether the offences interact with the Proceeds of Crime Act 2002.
Speedread: This briefing considers the international perspective on cryptoassets and external application of Proceeds of Crime Act 2002, after the ruling in AA v Persons Unknown  EWHC 3556 (Comm).
Speedread: The recent High Court decision in AA v Persons Unknown  EWHC 3556 (Comm) provided an affirmative answer to the long-standing question of whether cryptoassets were property under English law.
Speed read: 2020 has barely started, and it is already proving to be the year of RegTech as Regulatory bodies increase their push for comprehensive technology solutions to Anti-Money Laundering and Counter Terrorist Financing.