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NCA secures £50m identified by Barclays as the proceeds of crime

News Team, 29/11/2022

The UK’s National Crime Agency (NCA) has obtained a ruling from the High Court that allows Barclays to hand over criminal funds to the NCA in a first-of-its-kind civil recovery case.

The money - amounting to over £50 million - was identified by the bank in a number of accounts and transferred to secure holding accounts.

The civil recovery order means that for the first time, legal powers were used to recover the proceeds of crime...


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