Correspondence
Circular 005/2024: cryptoasset forfeiture provisions
Circular to supplement commencement of the new cryptoasset civil forfeiture powers in the Economic Crime and Corporate Transparency Act 2023.
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This circular is issued to ensure consistency in practice by law enforcement agencies in the operation of the new non-conviction based, civil powers for the forfeiture of cryptoassets.
A separate circular 004/2024 is issued to cover the new cryptoasset confiscation powers.
This circular does not constitute legal advice. It is not a statement of law and is not intended to provide a comprehensive description or interpretation of the powers.