Proceeds of Crime Act 2002

[F1 303Z66 Interpretation U.K.

(1) In this Chapter—

• “converted cryptoassets” is to be read in accordance with sections 303Z57 and 303Z58;

• “crypto wallet freezing order” has the same meaning as in Chapter 3D (see section 303Z36);

• “enforcement officer” has the meaning given by section 303Z20;

• “relevant court” means—

  (a)

  in England and Wales and Northern Ireland, a magistrates’ court, and

  (b)

  in Scotland, the sheriff;

• “relevant financial institution” has the meaning given by section 303Z1(6);

• “UK-connected cryptoasset service provider” has the meaning given by section 303Z36.

(2) Section 303Z36(4)(b) applies in relation to this Chapter as it applies in relation to Chapter 3D.

(3) In this Chapter references to the conversion of cryptoassets into money are references to the conversion of cryptoassets into—

(a) cash, or

(b) money held in an account maintained with a relevant financial institution.]

Textual Amendments

F1 Pt. 5 Chs. 3C-3F inserted (26.10.2023 for specified purposes) by Economic Crime and Corporate Transparency Act 2023 (c. 56), s. 219(1)(2)(b)(c), Sch. 9 para. 1