Premium Bonds cannot be forfeited under the Proceeds of Crime Act 2002

You are here now : Great James Street > Latest News > News > Premium Bonds cannot be forfeited under the Proceeds of Crime Act 2002

James Stansfeld and Melissa Rollins of Messrs Lewis Nedas & Co successfully challenge an application by The Commissioner of Police to forfeit £35,000 of Premium Bonds seized under s.294 Proceeds of Crime Act 2002. The Commissioner conceded the legal argument raised by James Stansfeld that Premium Bonds are not cash for the purposes of s.289(6) of the Act.

December 2011