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ARTICLE · 24 SEPTEMBER 2024

Account Freezing Orders: What Can You Do?

Ronald Fletcher Baker LLP
Ronald Fletcher Baker LLP
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Ronald Fletcher Baker LLP

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When facing sudden bank account freezes or restrictions, it's crucial to act swiftly. These actions may arise from suspicions of unlawful conduct under the Proceeds of Crime Act (POCA). Legal representation can help resolve matters and prevent further complications, including account forfeiture.

United KingdomFinance and Banking
Ronald Fletcher Baker
Ronald Fletcher Baker

What can you do if you suddenly lose access to your bank account(s) and your bank does not provide any reasons or clarity as to what is happening? Or, perhaps, the bank is providing reasons that don't entirely make sense?

What if you receive correspondence from the police, HMRC, or another regulator indicating that they are making an application in Court to freeze your account or to recover your funds?

Or, if you are asked to attend a hearing at a Magistrates' Court in relation to your bank account(s)?

Your actions and choices in these circumstances can have significant repercussions. They will affect the legal issues at hand and could also impact your future access to financial products and may also have immigration consequences in some scenarios. Therefore, bank account restrictions and investigations should be treated with utmost care and attention.

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