This Statutory Instrument corrects errors in S.I. 2024/425 and is being issued free of charge to all known recipients of that Statutory Instrument.
Statutory Instruments
Proceeds Of Crime, England And Wales
Proceeds Of Crime, Northern Ireland
Made
30th April 2025
Laid before Parliament
6th May 2025
Coming into force
27th May 2025
The Secretary of State makes the following Order in exercise of the powers conferred by sections 453(1) and 459(2) of the Proceeds of Crime Act 2002(1).
1.—(1) This Order may be cited as the Proceeds of Crime Act 2002 (References to Financial Investigators) (England and Wales and Northern Ireland) (Amendment) Order 2025.
(2) It comes into force on 27th May 2025.
(3) It extends to England and Wales and Northern Ireland.
2. In Table 3 in Part 3 of Schedule 1 (civil recovery of the proceeds etc. of unlawful conduct) to the Proceeds of Crime Act 2002 (References to Financial Investigators) (England and Wales and Northern Ireland) Order 2021(2)—
(a)in column 1 of the entry for section 303Z20(4)(a)(iv)—
(i)for “Section 303Z20(4)(a)(iv)” to “detention”, substitute “Sections 303Z20(4)(a)(iv), 303Z57(7)(a)(iv) and 303Z58(6)(a)(iv) (Cryptoassets and converted cryptoassets: searches, seizure, detention, freezing and conversion”;
(ii)for “Chapter 3C” substitute “Chapters 3C, 3D and 3F”;
(b)in column 1 of the entry for section 303Z20(4)(b)(v)—
(i)for “and detention” substitute “, detention and freezing”;
(ii)for “Chapter 3C” substitute “Chapters 3C and 3D”;
(c)in column 1 of the entry for section 303Z41—
(i)for “Section 303Z41” substitute “Sections 303Z41 and 303Z60”;
(ii)after “cryptoassets” insert “and converted cryptoassets”.
Dan Jarvis
Minister of State
Home Office
30th April 2025
(This note is not part of the Order)
This Order amends the Proceeds of Crime Act 2002 (References to Financial Investigators) (England and Wales and Northern Ireland) Order 2021 to specify descriptions of accredited financial investigators for the purposes of Chapter 3D and 3F of Part 5 of the Proceeds of Crime Act 2002 (c. 29).
A full impact assessment has not been produced for this instrument as no, or no significant, impact on the private, voluntary or public sectors is foreseen.
S.I. 2021/640, amended by S.I. 2023/424 and 2024/425.