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United Kingdom
United Kingdom
Key definition
Money definition What does Money mean? In legal practice, money refers to the generally accepted means of payment used to discharge monetary obligations, pay for goods and services, and satisfy judgments. It ordinarily includes cash (banknotes and coins, typically sterling in the UK and euro in Ireland) and sums standing to the credit of a bank account transferable by cheque or electronic transfer; it can also include foreign currency if agreed. The term is descriptive rather than strictly defined, though related concepts are defined in legislation. 'Legal tender' identifies what must be accepted in settlement of a debt: in England and Wales, Bank of England notes...
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POCA 2002 s 327: Concealing etc criminal property—elements, territorial scope, defences, regulated sector exemptions, ECCTA 2023 corporate liability, sentencing, confiscation and case law
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Practice notes
This Practice Note addresses the concealing offence under section 327 of the Proceeds of Crime Act 2002 (POCA 2002). It forms one of the principal money laundering offences under the Act; see Practice Note: Money laundering offences under the Proceeds of Crime Act 2002—The principal money laundering offences. For further detail on the other principal money laundering offences, see Practice Notes: Money laundering offences—the arrangement offence and Money laundering offences—acquisition, use and possession.
POCA 2002, s 327 offence of concealing etc criminal property
The offence is made out where a person does any of the following:
- conceals criminal property
- disguises criminal property
- converts criminal property
- transfers criminal property
- removes criminal property from England and Wales
POCA 2002, s 327(1)(e) is a distinct mode of commission that applies when criminal property is taken out of the jurisdiction. By contrast, the other limbs of s 327(1) contain no express geographical limitation. In R v Rogers, the Court of Appeal read this as indicating that this offence, and the other offences in POCA 2002, Part 7, possess extra-territorial effect...
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Web page updated on 21/05/2026
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