Account Forfeiture Order Used by UK's Financial Conduct Authority
U.K.’s Financial Conduct Authority secured its first Account Forfeiture Order for £2,000,000 against the company QPay Europe Limited. AFO is a tool used for asset recovery under Part 5 of Proceeds of Crime Act. AFrOs and AFOs are being used more often.
Eben Kurtz Crown Court Magistrate Court Uk Financial Conduct Authority National Crime Agency Qpay Europe
Source: natlawreview.com