Movement of Seized Cash

Under the Proceeds of Crime Act 2002 HMRC has the right to seize cash or goods it has reasonable grounds to suspect are the proceeds of crime, are intended for use in unlawful conduct or are otherwise recoverable property. HMRC has an obligation to ensure that any seized monies are transferred to an Interest Banking Account as soon as possible.

The main objectives of the contract are to:

• Provide a cost-effective Service for the collection and delivery of seized cash, cheques and goods.

• Guarantee the security of seized cash/cheques/goods whilst in the possession of the Supplier.

• Minimise health and safety risks to both the Customer and the Supplier involved in the collection, delivery and transportation of seized cash/goods and cheques.

A supplier is required to ensure the successful transfer of seized cash, cheques and goods from agreed HMRC collection points to appropriate banking institutions via the following core services:

• Cash in Transit (CIT) service (ad hoc collections)

• Scheduled Service (scheduled collections)

• High Risk High Value (HRHV) service (collections valued >£100k)