Part 5


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Confiscation of assets Economic sanctions Proceeds of crime

Part 5 of the Act sets out a mechanism for the state to recover assets which have been obtained through conduct which is unlawful. The Act covers property which is directly obtained via a crime (e.g. stolen jewellery) but also property which represents the proceeds of crime.

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Law /United Kingdom / Proceeds of Crime Act 2002

The Proceeds of Crime Act 2002  creates a multiplicity of statutory powers and criminal offences designed to deal with the proceeds of criminal conduct.

The Act sets out the legislative scheme for the confiscation of assets that have been obtained through criminal conduct.  The Act also provides for a number of investigative powers, and creates distinct offences relating to money laundering.