
Facing a charge for engaging in hawala banking and concerned about what happens next, particularly what sentence you might face if convicted? This is a common concern and solicitors spend considerable time advising on sentencing practices and potential outcomes for hawala banking. While the punishment for this offence can be severe, solicitors do assist in potentially reducing any prison time. This article will cover the basics of the offence, i.e. what constitutes hawala banking, and discuss the maximum possible sentence you might face. It also explores key points from the sentencing guidelines and explains how a solicitor can help lessen your sentence.
The offence of hawala banking in England involves providing financial services that operate outside the regulations of conventional banking systems. This alternative remittance system often facilitates the transfer of money without the movement of cash or the involvement of financial institutions.
Hawala banking is typically unregulated and can be subject to misuse, including money laundering, terrorism financing, and tax evasion. Hawala banking is primarily regulated under the Proceeds of Crime Act 2002 (POCA) and the Terrorism Act 2000. Additionally, the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 outline the obligations for those involved in any form of financial remittance, including hawala banking.
To secure a conviction, the prosecution must prove the following elements:
Examples of hawala banking offences include:
Hawala banking, an informal method of transferring money without the actual movement of any currency, is considered an illegal activity when it is not properly authorised under financial regulations in England and Wales.
The maximum sentence for involvement in unauthorised hawala banking can vary depending on the specifics of the case, such as the amount of money involved and whether it is linked to other criminal activities like money laundering or terrorism financing. Under the Proceeds of Crime Act 2002 and other relevant financial regulatory frameworks, engaging in unauthorised hawala banking can result in severe penalties. Convictions can lead to significant prison sentences, financial penalties, and the confiscation of assets.
In cases of money laundering, which often correlates with unauthorised hawala banking, the maximum penalty is up to 14 years in prison along with an unlimited fine. Each case is evaluated on its individual merits, considering factors like the scale of the operation and the degree of culpability of the parties involved. If you or someone you care about is facing a charge for hawala banking, it is critical to consult a criminal defence solicitor to navigate the complexities of this offence and to ensure that all potential defences are thoroughly explored.
When it comes to the offence of hawala banking, sentencing is a complex process influenced by multiple factors. As always, judges must ensure that the sentence is proportionate to the seriousness of the crime and consistent with legal guidelines.
The main considerations taken into account by a judge per the Sentencing Council guidance are:
Aggravating and mitigating factors are also taken into account. Certain elements can aggravate the sentence, making it more severe. These include previous convictions or a history of similar offences, the use of sophisticated methods to evade detection, and the involvement of vulnerable individuals such as minors or those perceived as easily exploitable. Additionally, if the offence facilitated other serious crimes, such as money laundering for organised crime, this can also be an aggravating factor.
Conversely, factors that might mitigate the sentence include an early guilty plea, which demonstrates remorse and saves court resources, and cooperation with authorities, potentially aiding the investigation of other crimes. Personal circumstances that might have contributed to the offence, such as financial distress, can also be considered mitigating factors, as can a lack of prior convictions or a generally good character.
Facing charges for hawala banking can be an overwhelming and intimidating experience. However, securing the services of a qualified criminal defence solicitor can make a significant difference in potentially reducing your sentence.
Here are some reasons to consider getting a solicitor:
When looking for a solicitor, consider their:
Concerns about the possible sentence you might face for engaging in hawala banking can be overwhelming, and you likely have several pressing questions. This is something the team at handles on a daily basis, and we would be pleased to help you as well. For further assistance and guidance on sentencing and other issues related to the offence of hawala banking, contact the team at Stuart Miller Solicitors today. Our approachable and understanding staff are available to help with your case, regardless of your situation.
Responsive
A legal expert will consult you within 24 hours of making an enquiry.
Empathetic
We will always treat you with trust, understanding and respect.
Specialised
Your case will be handled by an expert who specialises in your type of offence.
Proactive
We will take early action to end proceedings as soon as it is practically and legally possible to do so.
Engaged
You will be kept updated on your case at all times. We will provide a named contact available to answer your questions.
Caring
We understand this is a difficult and stressful time for you and your family. Our team will support you every step of the way.
Tenacious
We will never give up on your case. We fight tirelessly to get you the best possible outcome.