Money laundering offences—concealing, disguising, converting, transferring and removing
Money laundering offences—concealing, disguising, converting, transferring and removing

The following Corporate Crime guidance note provides comprehensive and up to date legal information covering:

  • Money laundering offences—concealing, disguising, converting, transferring and removing
  • The principal money laundering offences under the Proceeds of Crime Act 2002
  • POCA 2002, s 327 offence of concealing etc criminal property
  • Defences to POCA 2002, s 327 offence
  • Authorised disclosure and consent to transactions
  • Sentences for money laundering offences

The principal money laundering offences under the Proceeds of Crime Act 2002

The money laundering offences set out in sections 327–329 of the Proceeds of Crime Act 2002 (POCA 2002) are commonly known as the 'concealing' offence, the 'arranging' offence and the 'acquisition, use and possession' offence, and are, together, the principle money laundering offences, see Practice Note: Money laundering offences under the Proceeds of Crime Act 2002—The principal money laundering offences.

This Practice Note concerns the concealing offence under POCA 2002, s 327. For further information on the other principle money laundering offences, see Practice Notes: Money laundering offences—the arrangement offence and Money laundering offences—acquisition, use and possession.

POCA 2002, s 327 offence of concealing etc criminal property

It is an offence to:

  1. conceal criminal property

  2. disguise criminal property

  3. convert criminal property

  4. transfer criminal property

  5. remove criminal property from England and Wales

The concealing offence is an either way offence.

The concealing offence is committed if a person conceals, disguises, converts, transfers or removes property which that person knows or suspects to represent the benefit from criminal conduct.

Concealing or disguising criminal property is defined as concealing or disguising its nature, source, location, disposition, movement or ownership or any rights with respect to it.

For detailed guidance on what constitutes criminal property and criminal conduct, see Practice Note: Money laundering