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The Insolvency Services Estates Accounts administers the Insolvency Services Account (ISA).
[See 'Insolvency Services Account' and 'ISA'.]
'In Specie' is a Latin phrase meaning 'of thing' or 'in the actual form'.
Transferring an asset 'in specie' means to transfer the ownership of that asset from one person/company/entity to another person/company/entity in its current form; that is without the need to convert the asset to cash.
[See 'Distribution in specie'.]
The process of laundering money typically involves three steps: placement, layering, and integration.
The third of the stages of money laundering is 'integration'. The 'dirty' money is absorbed into the economy, for instance via real estate. Once the 'dirty' money has been placed and layered, the funds will be integrated back into the legitimate financial system as 'legal' tender.
[See 'Money Laundering', 'Placement' and 'Layering'.]
The .ling of a Notice of Intention to Appoint an Administrator (out of court) . . or the making of an application for the appointment by the court (in court) operates to impose an interim moratorium, pending the appointment of an Administrator taking effect.
Upon the Administrator's appointment Sch B1 paras 42-43 Insolvency Act 1986 kick in to impose the full moratorium.
