SIA given new powers under the Proceeds of Crime Act

18 December 2015


The Government has amended the Proceeds of Crime Act 2002 (POCA) changing powers available to regulatory bodies, including the Security Industry Authority.

Effective from the end of November 2015, the SIA now has wider powers to financially investigate companies and individuals who are benefitting from criminal activity. The aim is to remove assets from offenders and halt further criminal activity.

The SIA has been working with partners on POCA enquiries for some years, experiencing successes in confiscating assets. Following convictions for the supply of unlicensed security operatives and falsely claiming SIA Approved Contractor status, Confiscation Orders have removed assets. Such orders benefit the wider private security industry as illegally monies cannot be utilised to fund ongoing business interests in the industry.

SIA Director of Partnerships and Interventions, Dave Humphries welcomes the changes:

"Historically, we have been able to engage partners on a small number of our investigations. However with these changes to POCA, the SIA will independently be able to consider the potential for restraint and confiscation on a wider number of investigations. We are recruiting new specialist financial investigators that will strengthen our ability to investigate any criminal activity which could impact on the regulatory effectiveness of the private security industry.

The risks associated with breaching private security regulation are now more severe. Alongside potential convictions and licence removals, the likelihood of losing property as a result of offending is greater."

Funds recovered under POCA are returned to the public purse, with a percentage returned to investigating bodies to fund further investigations.

Further information:

  • The Security Industry Authority is the organisation responsible for regulating the private security industry in the United Kingdom, reporting to the Home Secretary under the terms of the Private Security Industry Act 2001. The SIA's main duties are: the compulsory licensing of individuals undertaking designated activities; and managing the voluntary Approved Contractor Scheme.
  • For further information about the Security Industry Authority or to sign up for email updates visit www.sia.homeoffice.gov.uk. The SIA is also on Facebook- this link opens in a new window (Security Industry Authority) and Twitter- this link opens in a new window (SIAuk).