John McNamara was instructed by HMRC in an account forfeiture case concerning a family member of fraudster convicted of Britain’s biggest tax fraud, known as Operation Amazon, which cost the tax payer in excess of £100 million.
The fraudster had failed to pay back the majority of his confiscation order, which is currently in excess of £2 million.
The funds in question came to the attention of HMRC following the sale of a UK property.
As an early stage John was instructed to advise and sought to focus on building the evidence available and navigating the challenges including that of tracing the funds through a number of jurisdictions, including the British Virgin Islands, and financial transactions masked through numerous corporate entities.
Following discussions with King’s Counsel instructed for the Respondent, the matter resulted in a settlement, with HMRC forfeiting over £250,000.
John McNamara has been ranked in the directors for his POCA work since 2022. He acts for both individuals and companies responding to orders, and has a detailed understanding of law enforcement’s approach to these cases.
John is experienced in acting in complex and high value asset recovery proceedings. In recent cases he has:
- In a forfeiture case alleging international money laundering, negotiated a settlement for an individual in an account forfeiture case valued over £10 million
- Successfully applied for account forfeiture of £140,000 from a company involved in Daigou (or Chinese cross-boarding surrogate shopping) and VAT evasion.
- Successfully forfeited over £100,000 from a company operating as an unregistered money service business, involved in money remittance to Iran in breach of sanctions
To make an enquiry, please contact Dean Cook on 020 7332 5400
