Part II Public Obligations and Regulatory Responsibilities, A Offences, 7 Money Laundering Offences under POCA 2002
Rudi Fortson QC
Edited By: William Blair, Richard Brent, Tom Grant
- Criminal proceedings — Money laundering — Regulated activities — Financial system — Monetary system
This chapter begins by providing an introduction to the issue of money laundering by looking at the scale of it on the international level and the current rules and provisions. It next provides a brief history of UK money laundering legislation. Specifically it looks at the position prior to the Proceeds of Crime Act (POCA) 2002. It examines current money laundering statutory provisions and European Union (EU) instruments which are employed to combat money laundering. The next section of the chapter looks at the words, phrases, and concepts of POCA 2002. It also examines the main money laundering offences. Other offences are discussed in detail. It ends with a look at the various institutions and professionals required to prevent money laundering.