Money laundering offences—concealing, disguising, converting, transferring and removing
Produced in partnership with Jessica Parker of Corker Binning
Money laundering offences—concealing, disguising, converting, transferring and removing

The following Corporate Crime practice note produced in partnership with Jessica Parker of Corker Binning provides comprehensive and up to date legal information covering:

  • Money laundering offences—concealing, disguising, converting, transferring and removing
  • POCA 2002, s 327 offence of concealing etc criminal property
  • Criminal property and the concealing offence
  • Defences to POCA 2002, s 327 offence
  • Sentences for offences under POCA 2002, s 327
  • Confiscation and the concealing offence

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

IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following the UK’s withdrawal from the EU. At this point in time (referred to in UK law as ‘IP completion day’), key transitional arrangements come to an end and significant changes begin to take effect across the UK’s legal regime. This document contains guidance on subjects impacted by these changes. Before continuing your research, see Practice Note: What does IP completion day mean for corporate crime?

This Practice Note concerns the concealing offence under section 327 of the Proceeds of Crime Act 2002 (POCA 2002), which is one of the principal money laundering offences under that Act, see Practice Note: Money laundering offences under the Proceeds of Crime Act 2002—The principal money laundering offences. 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

The offence is committed when a person does one of the following:

  1. conceals criminal property

  2. disguises criminal property

  3. converts criminal property

  4. transfers criminal property, or

  5. removes criminal property from England and Wales

POCA 2002, s 327(1)(e) is a way of committing the offence which applies when criminal property is removed from the jurisdiction.

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