Monday, October 1, 2012

New law helps take away proceeds of crime #bcpoli

Sept. 30, 2012
Ministry of Justice

Checkmate, criminals: New law helps take away proceeds of crime
VICTORIA - A new law came into force today that blocks yet another avenue for criminals who are trying to profit from crime.

The Criminal Asset Management Act - officially in effect Sept. 30, 2012 - helps to reduce the financial incentives associated with crime, deterring criminals and enhancing public safety in B.C. The new law gives government the explicit authority to manage and dispose of property forfeited as a result of criminal prosecutions, or seized during an investigation in anticipation of forfeiture, fulfilling a commitment made by Premier Christy Clark as part of her Families First agenda.

Proceeds obtained from the forfeiture of assets that were used as instruments to commit crime or were proceeds of crime can be used to compensate eligible victims and to help communities through the funding of crime prevention and remediation projects.

The Criminal Asset Management Act dovetails with the B.C. government's justice reform agenda. The new law enables prosecutors to pursue criminal forfeiture more frequently, as it allows for more effective management of assets that are restrained, seized or forfeited under the Criminal Code and other criminal statutes.

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