New laws come into force in South Australia this month, aiming unaccountable wealth related to syndicate.
From August 29 onwards, the laws will take effect and allow courts to deprive any wealth that a suspect can not explain. Attorney-General John Rau says the laws are formulated with intention to tackle heinous criminal activity by targeting the profit gained of those activity.
The new laws differ from the Criminal Assets Confiscation Act 2005 by allowing state to confiscate proceeds of crime with no need to prove the defendants engaged in criminal activity. Unless, the defendant has solid evidence to verify those wealth is acquired lawfully.
Also, the new law allow police to ask for relevant information from people holding money in accounts for others and apply for a warrant to search and withhold anything relevant to identifying, tracing, locating or quantifying a person's wealth.
The laws will only enforce against those who meet certain criteria, say for instance being suspected of a serious offence, being subject to a control order, or on justified reasons of engagement in crime.
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