Money laundering and proceeds of crime—implications for environmental lawyers
Money laundering and proceeds of crime—implications for environmental lawyers

The following Environment practice note provides comprehensive and up to date legal information covering:

  • Money laundering and proceeds of crime—implications for environmental lawyers
  • Legal framework
  • Environmental lawyers and AML offences under POCA 2002
  • Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017
  • Criminal offences under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017
  • Developments

Money laundering and proceeds of crime—implications for environmental lawyers

Legal framework

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

This activity attracts substantial criminal penalties and is criminalised by the three dedicated money laundering offences set in sections 327 to 329 of the Proceeds of Crime Act 2002 (POCA 2002). For more information, see: Money laundering under the Proceeds of Crime Act 2002—overview and Practice Note: Money laundering offences under the Proceeds of Crime Act 2002.

The criminalisation of money laundering is underpinned by an anti-money laundering (AML) regime ie provisions in POCA 2002 dealing with the disclosure of suspicious activity and a regulatory regime designed to prevent money laundering which is provided for by the Money Laundering Regulations 2017 (MLR 2017).

For detailed guidance on the disclosure regime under POCA 2002, including defences, see Practice Notes:

  1. Money laundering offences—failure to disclose offences

  2. Authorised disclosure, protected disclosure and appropriate consent

  3. Proceeds of Crime Act 2002—information sharing in the regulated sector—superSARs

  4. Reporting suspicions of money laundering

For detailed guidance on the regulatory regime under MLR 2017, see Practice Note: Introductory guide to the UK and EU AML/CTF legal and regulatory regimes.

Breach of the AML regime can also attract criminal liabilities.

Further information on

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