Money laundering offences under the Proceeds of Crime Act 2002
Produced in partnership with Jessica Parker of Corker Binning
Money laundering offences under the Proceeds of Crime Act 2002

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 under the Proceeds of Crime Act 2002
  • Money laundering offences—an introduction
  • Differences between POCA 2002 and the previous regime
  • Mode of trial
  • Confiscation and the money laundering offences
  • The principal money laundering offences
  • Criminal property and criminal conduct for the purposes of money laundering
  • Mens rea for money laundering—suspicion, conspiracy and attempt
  • Defences to the principal money laundering offences
  • Deposit taking bodies and the threshold amount
  • More...

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?

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.

Under the law predating the Proceeds of Crime Act 2002 (POCA 2002), there were separate offences for laundering the proceeds of drugs offences under the Drug Trafficking Offences Act 1986 and the Drug Trafficking Act 1994, while non-drug offences were covered by the Criminal Justice Act 1988.

Part 7 of the POCA 2002, which came into force on 23 February 2003, updated and reformed the pre-existing money laundering regime. It created three separate principal money laundering offences under POCA 2002, ss 327, 328 and 329 (see below: The principal money laundering offences) as well as inchoate offences associated with these (ie aiding and abetting,

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