Part 7

Money Laundering

Offences

Concealing etc
327
1
A person commits an offence if he—
a
conceals criminal property;
b
disguises criminal property;
c
converts criminal property;
d
transfers criminal property;
e
removes criminal property from England and Wales or from Scotland or from Northern Ireland.
2
But a person does not commit such an offence if—
a
he makes an authorised disclosure under section 338 and (if the disclosure is made before he does the act mentioned in subsection (1)) he has the appropriate consent;
b
he intended to make such a disclosure but had a reasonable excuse for not doing so;
c
the act he does is done in carrying out a function he has relating to the enforcement of any provision of this Act or of any other enactment relating to criminal conduct or benefit from criminal conduct.
3
Concealing or disguising criminal property includes concealing or disguising its nature, source, location, disposition, movement or ownership or any rights with respect to it.