Money laundering offences under the Proceeds of Crime Act 2002

Copyright © 2025 LexisNexis
Produced in partnership with Jessica Parker of Corker Binning
Practice notes

Money laundering offences under the Proceeds of Crime Act 2002

Copyright © 2025 LexisNexis

Produced in partnership with Jessica Parker of Corker Binning

Practice notes
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Money laundering offences—an introduction

Money laundering is the process by which the proceeds of crime are converted into assets which appear to have a legitimate origin, so that they can be retained permanently or recycled into further criminal enterprises.

Money laundering is undertaken following a predicate, acquisitive offence, when the proceeds of the crime are laundered by either the offender themselves or someone on their behalf. Substantive money laundering offences are criminalised under the POCA 2002 and are considered in more detail below.

Offences can also be committed by those who fail to detect, deter, prevent or report substantive money laundering offences under the anti-money laundering regime. Such offences are provided for under POCA 2002 or under secondary legislation. For more information, see Practice Note: Money laundering offences—failure to disclose offences and Anti-money laundering and counter-terrorist financing offences—overview.

Organisations can now be found guilty of money laundering offences if the offences are committed by a body corporate, a partnership or a ‘senior manager’ acting within the actual or apparent scope

Jessica Parker
Jessica Parker

Corker Binning

Jessica Parker is a Partner at Corker Binning, a law firm specialising in financial crime, regulatory and police investigations and litigation.

Jessica regularly acts for individuals, financial institutions and companies in investigations and proceedings brought by a wide range of prosecuting bodies. She is ranked for Crime, Financial Crime: Individuals and POCA Work & Asset Forfeiture by Chambers and Partners UK 2019 and is recommended by the Legal 500 2019 in Fraud: White-collar Crime and Professional Discipline. Jessica is also recognised in
 
WWL Thought Leaders - GIR 2019 as a leading practitioner in the areas of Asset Recovery, Business Crime Defence and Investigations.

Jessica has particular experience in corruption and tax fraud investigations and prosecutions and investigations originating overseas. She frequently advises clients within the financial services industry and other regulated professionals.

In connection with her white collar crime practice, Jessica has extensive experience of money laundering, restraint, confiscation and cash seizure proceedings on behalf of defendants and third parties.

Jessica also has a police investigations practice and has represented a number of high profile individuals in relation to the most serious criminal charges, including rape and serious assault.

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Jurisdiction(s):
United Kingdom
Related legal acts:
Key definition:
Money laundering definition
What does Money laundering mean?

money laundering or the use or process of taking the proceeds of criminal activities and making them appear legal is an activity which bankers are required to prevent and report under certain regulations.

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