White-collar work crime has seen a raft of changes in recent months. A year on from its establishment, the Serious Organised Crime Agency (Soca) – regarded as the UK’s answer to the US Federal Bureau of Investigation – has started to prove that it is a powerful new weapon to target white-collar criminals and the profits made through organised crime.
Soca has already asserted its importance by taking away the powers of the Assets Recovery Agency (ARA). The ARA is to be abolished next year, just four years after its inception.
This White-Collar Crime Special Report examines how the issues around confiscation are to change with the abolition of the ARA.
In addition, the report looks at to what extent business executives in the UK have been exposed to the long arm of foreign law and how the UK has tried to stop carousel fraud.