SCHEDULES

SCHEDULE 5Minor and consequential amendments

Proceeds of Crime Act 2002 (c. 29)

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1

Section 341 (investigations for purposes of Part 8) is amended as follows.

2

In subsection (3)—

a

omit “or” at the end of paragraph (c);

b

in paragraph (d), after “295” insert “ , 303K or 303L ”;

c

at the end of paragraph (d) insert

, or

e

property held in an account in relation to which an account freezing order made under section 303Z3 has effect.

3

After subsection (3A) insert—

3B

For the purposes of this Part a detained property investigation is an investigation for the purposes of Chapter 3A of Part 5 into—

a

the derivation of property detained under that Chapter, or a part of such property, or

b

whether property detained under that Chapter, or a part of such property, is intended by any person to be used in unlawful conduct.

3C

For the purposes of this Part a frozen funds investigation is an investigation for the purposes of Chapter 3B of Part 5 into—

a

the derivation of money held in an account in relation to which an account freezing order made under section 303Z3 has effect (a “frozen account”) or of a part of such money, or

b

whether money held in a frozen account, or a part of such money, is intended by any person to be used in unlawful conduct.