According to Deep Tide TechFlow news on April 5, as reported by Decrypt, London police have partnered with law firm Gowling WLG to launch a civil asset recovery scheme. This scheme primarily targets cases that cannot be criminally prosecuted, providing victims of Crypto Assets fraud and others with the opportunity to recover their assets.
Previously, the British police successfully recovered £520,000 (approximately $671,000) worth of stolen Crypto Assets for an 80-year-old man as part of a pilot project. The recovery operation was made possible by the update to the Proceeds of Crime Act 2002, which granted the police the power to freeze stolen digital assets.
Director Bríd Holden of Gowling stated that they hope to enhance the willingness of victims to report cases through this collaboration. The partnership will coordinate the recovery efforts between the police, victims, and their legal representatives to combat organized crime groups.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
