NCA Seizes Funds Laundered In £10M Tax Fraud Scheme

Law360, London (December 18, 2020, 2:52 PM GMT) -- The National Crime Agency got the green light on Friday to claw back £527,000 ($711,000) from the account of a luxury car dealer as a judge found that it was part of a money laundering scheme that cheated Britain's tax collecting agency.

Judge Maura McGowan approved the NCA's civil recovery order at the High Court against a Barclays Bank account owned by Niche Cars Ltd., a self-described car seller in northern England that is now defunct.

The agency has accused Niche Cars of taking £3.8 million, from an individual accused of tax dodging to avoid payroll and value-added tax, in an investment...

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!

TRY LAW360 FREE FOR SEVEN DAYS

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?
Beta
Ask a question!