The Home Secretary has announced that twenty two and a half million pounds a year of criminals’ cash is to be recycled back into communities and front-line agencies. David Blunkett said the move showed that new powers to confiscate, freeze, seize and tax criminals’ assets were beginning to bite.The first phase of the Government’s action to strip criminals of their wealth saw the introduction of the Proceeds of Crime Act, which created the Assets Recovery Agency and gave law enforcement agencies power to take the profit out of crime. Mr. Blunkett said the next phase would be about taking money away from career criminals’ pockets, recycling it for the benefit of all, and reinvesting the money to build the capacity of law enforcement agencies to seize even more.
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