Proceeds of Crime and Restraint Orders

Nelsons has longstanding experience of, and an excellent reputation for, proceeds of crime work. Recent years have seen considerable growth in this practice area, following the introduction of new measures designed to tackle illicit finance and the increased attention of enforcement agencies on funds alleged to have a suspicious origin.  We act for individuals and their family members, as well as financial institutions, professional services firms and companies – who may find themselves, unwittingly or otherwise, targets of the asset recovery or forfeiture regimes.

Our proceeds of crime team has been at the forefront of the development of the common law in the Cayman Islands in connection with restraint orders made pursuant to section 45 of the Proceeds of Crime Act and has successfully, in cases both reported and unreported, achieved the discharge of orders made pursuant to both domestic and foreign investigations.