Made under the Proceeds of Crime Act 2002
2 statutory instruments made using powers in the Proceeds of Crime Act 2002, newest first. Each one is explained section by section in plain English.
The Proceeds of Crime (Money Laundering) (Threshold Amount) (Amendment) Order 2025
- Department: Home Office
- Made under: Proceeds of Crime Act 2002
The Proceeds of Crime (Money Laundering) (Threshold Amount) (Amendment) Order 2025 increased the money laundering threshold from £1,000 to £3,000.
This order amends the Proceeds of Crime Act 2002, increasing the money laundering threshold from £1,000 to £3,000 for transactions under section 339A(2) and (6A).
This affects banks and firms handling accounts, and businesses in the regulated sector returning property to customers.
The increase aims to reduce administrative burdens on businesses while preserving the focus on significant money laundering activities.
The amendment followed parliamentary review and approval.
The Proceeds of Crime Act 2002 (References to Financial Investigators) (England and Wales and Northern Ireland) (Amendment) Order 2025
- Department: Home Office
- Made under: Proceeds of Crime Act 2002
The 2025 Order amended the 2021 Order to update descriptions of accredited financial investigators regarding cryptoassets for civil recovery processes.
This Order amends the Proceeds of Crime Act 2002 (References to Financial Investigators) (England and Wales and Northern Ireland) Order 2021.
The amendments clarify the descriptions of accredited financial investigators for handling cryptoassets and converted cryptoassets within civil recovery procedures under Chapters 3C, 3D, and 3F of Part 5.
The changes take effect on May 27, 2025, and apply to England, Wales, and Northern Ireland.
The lack of a full impact assessment suggests minimal anticipated effect on the public or private sectors.