Economic Crime and Corporate Transparency Act 2023

PART 4U.K.Cryptoassets

179Cryptoassets: confiscation ordersU.K.

Schedule 8 amends the Proceeds of Crime Act 2002 to make provision in connection with cryptoassets and confiscation orders under Parts 2, 3 and 4 of that Act.

Commencement Information

I1S. 179 in force at Royal Assent for specified purposes, see s. 219(1)(2)(b)(4)(5)

180Cryptoassets: civil recoveryU.K.

(1)Schedule 9 amends the Proceeds of Crime Act 2002 to make provision for a civil recovery regime in relation to cryptoassets.

(2)It also contains related amendments.

Commencement Information

I2S. 180 in force at Royal Assent for specified purposes, see s. 219(1)(2)(b)(e)

181Cryptoassets: terrorismU.K.

(1)Part 1 of Schedule 10 amends the Anti-terrorism, Crime and Security Act 2001 to make provision for a civil recovery regime in relation to cryptoassets which—

(a)are intended to be used for the purposes of terrorism,

(b)consist of resources of an organisation which is a proscribed organisation, or

(c)are, or represent, property obtained through terrorism.

(2)Part 2 of Schedule 10 amends the Terrorism Act 2000 to make provision about financial institutions and cryptoassets.

Commencement Information

I3S. 181 in force at Royal Assent for specified purposes, see s. 219(1)(2)(b)