The Government has amended the Proceeds of Crime Act 2002 (POCA) changing powers available to regulatory bodies, including the Security Industry Authority.
Effective from the end of November 2015, the SIA now has wider powers to financially investigate companies and individuals who are benefitting from criminal activity. The aim is to remove assets from offenders and halt further criminal activity.
The SIA has been working with partners on POCA enquiries for some years, experiencing successes in confiscating assets. Following convictions for the supply of unlicensed security operatives and falsely claiming SIA Approved Contractor status, Confiscation Orders have removed assets. Such orders benefit the wider private security industry as illegally monies cannot be utilised to fund ongoing business interests in the industry.