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Cryptoassets: Where are we now?

Speaker: Mahesh Karu
Chambers: Two Harcourt Buildings

Specialising in Crime, Mahesh is very experienced in prosecuting and defending the full range of criminal cases. He also has experience in proceedings under the Proceeds of Crime Act 2002, as well as offences under the Companies Acts and the Insolvency Act 1986, having appeared both for the prosecution and defence in cases prosecuted by the Insolvency Service. Mahesh also acts as counsel for HMRC, providing early advice to investigators in large scale investigations such as multi-million pound money laundering, tax evasion and fraud to ensure effective investigation.

In this presentation, Mahesh explains what cryptoassets are, and why they are important. He describes the mechanics of cryptoassets in the past and how law previously did not accommodate cryptoassets. He outlines new provisions under the Proceeds of Crime Act 2002 amended in 2023, which can assist investigators, subjects/defendants and victims of crime.

Key words/topics

  • Cryptoassets
  • Crypto
  • BitCoin
  • New POCA provisions
  • Civil Recovery: Assistance for Victims
  • Intangible property
  • AA v Persons Unknown [2019] EWHC 3556 (Comm); Dixon v The Queen [2015] NZCS 147
  • Economic Crime and Corporate Transparency Act 2023
  • POCA 2002, amended by Sch. 8 ECCTA 2023
  • Post-confiscation