An account freezing order (AFO) is an upsetting experience for anyone, since it freezes an individual’s funds and may cause significant interference with personal and business accounts.
AFOs are legal remedies used to freeze assets that are in some way deemed to be proceeds of criminality or fraud.
Account Freezing Orders are made without any notice, or where they are, respondents are granted the shortest possible time to consult. The timely and proper response should be given much attention; it includes obtaining permission to halt the order or appealing against the order if the evidence shows that it was wrongly made.
Below we discuss how to deal with account freezing orders.
Know the Reason of the Order
The first step in addressing a freezing order is understanding why it was issued. AFOs are usually placed whenever there is suspicion that an account generates proceeds of crime.
Getting a copy of the order is advisable to familiarize yourself with the provisions made for implementing the order, the force behind it, and the evidence that led to the preparation of the order. This will let you know what you are up against and provide information which may help you remove the freezing order.
Consult with a legal representative immediately
AFOs may lead to the additional legal prosecution, including criminal or confiscation proceedings. Seeking the services of an experienced solicitor or barrister is crucial to advise you on your standings.
These experts advise on the best legal requirements and a way to have the order overturned. Your legal representative will be able to gain access to the note which details the reasons for the order.
Remember, you are advised against handling the problem alone since you will be without this additional information which will help with how to refute the order.
Consult a Direct Access Barrister
Contacting a barrister directly can be cheaper and more effective than accessing legal services through a solicitor. This is because you can contact a barrister directly, without the need for a solicitor, and it can reduce your total legal bill.
A barrister or legal representative can appeal against the AFO, bargain with the authorities, and even represent your side effectively. Choosing a barrister specialising in financial crime or AFOs is crucial, as this guarantees the best legal representation from past experience dealing with these matters.
Collect Facts and other Necessary Evidence
To defend yourself against such claims, you will need to gather evidence that will help you retain your funds, including bank statements, accounts generated from transactions, contracts, or even statements from the business counterparts. You will need to file your documents properly to build a strong case and show that the funds were acquired legally and everything is above the board.
Summary
Overturning an account freezing order demands quick action, proper decision-making, and professional legal help. A direct access barrister can help you assemble a persuasive argument and reduce liability and time loss.
What is needed in these cases is a direct access barrister. They can provide professional legal advice without a solicitor, and deal with applications and challenges in the courts. They are experienced with the orders in question, guaranteeing a solid defense, and your financial position is protected.
The above article has discussed how to deal with an account freezing order, and you can reach out for more information.
