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.