Unexplained assets to be seized in Commonwealth crackdown

Proceeds of Crime Commonwealth Minister for Justice, Michael Keenan, has introduced amendments in Parliament today that will tighten laws used to pursue proceeds of crime. The Crimes Legislation Amendment (Unexplained Wealth and Other Measures) Bill 2014 adopts recommendations for reform by the Parliamentary Joint Committee on Law Enforcement. Proceeds of Crime Legislation. Unexplained wealth laws were introduced in 2010 as part of a suite of reforms to more effectively prevent and investigate organised crime activity, and target the proceeds of organised crime groups. The laws are located in the Proceeds Of Crime Act, which provides a comprehensive scheme to trace, investigate, restrain and confiscate proceeds generated from Commonwealth indictable offences, […]