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Understanding what may constitute criminal property is critical to understanding the principal Money laundering offences under sections 327, 328 and 329 of the Proceeds of Crime Act 2002 (POCA 2002).

Each of these offences require that a person does something with criminal property with the requisite Mens rea ie they:

1. •

   conceal, disguise, convert or transfer what they know or suspect to be criminal property or remove what they know or suspect to be criminal property from the jurisdiction (POCA 2002, s 327)

2. •

   enter into or become concerned in an arrangement that they know or suspect facilitates (by whatever means) the acquisition, Retention, use or control of criminal property, by or on behalf of another person (POCA 2002, s 328)

3. •

   acquire, use or possess what they know or suspect to be criminal property (POCA 2002, s 329)

For detailed guidance on these offences, see Practice Notes:

1. •

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

2. •

   Money laundering offences—the arrangement offence

3. •

   Money laundering offences—acquisition, use and possession