ACCA LW · Chapter 12 · Question 11 of 11
Which of the following is an offence under the principal money laundering provisions of the Proceeds of Crime Act 2002?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: D) Acquiring, using or having possession of criminal property
Explanation
The principal money laundering offences are concealing, disguising, converting, transferring or removing criminal property (s327), entering into or becoming concerned in an arrangement facilitating its acquisition, retention, use or control (s328), and acquiring, using or having possession of criminal property (s329). Criminal property is a benefit from criminal conduct that the person knows or suspects represents such a benefit. The other options describe lawful activities.
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