Source: http://www.legislation.gov.uk/ukpga/2002/29/part/7/crossheading/interpretation
Timestamp: 2019-12-15 05:38:05
Document Index: 406454930

Matched Legal Cases: ['art 7', 'art. 4', 'art. 3', 'art. 3', 'art. 2', 'art. 2', 'art. 14']

Changes and effects yet to be applied to Part 7 Crossheading Interpretation:
340 InterpretationU.K.
(2)Criminal conduct is conduct which—
(3)Property is criminal property if—
(a)it constitutes a person’s benefit from criminal conduct or it represents such a benefit (in whole or part and whether directly or indirectly), and
(b)the alleged offender knows or suspects that it constitutes or represents such a benefit.
(4)It is immaterial—
(a)who carried out the conduct;
(b)who benefited from it;
(c)whether the conduct occurred before or after the passing of this Act.
(5)A person benefits from conduct if he obtains property as a result of or in connection with the conduct.
(6)If a person obtains a pecuniary advantage as a result of or in connection with conduct, he is to be taken to obtain as a result of or in connection with the conduct a sum of money equal to the value of the pecuniary advantage.
(7)References to property or a pecuniary advantage obtained in connection with conduct include references to property or a pecuniary advantage obtained in both that connection and some other.
(8)If a person benefits from conduct his benefit is the property obtained as a result of or in connection with the conduct.
(9)Property is all property wherever situated and includes—
(10)The following rules apply in relation to property—
(a)property is obtained by a person if he obtains an interest in it;
(b)references to an interest, in relation to land in England and Wales or Northern Ireland, are to any legal estate or equitable interest or power;
(c)references to an interest, in relation to land in Scotland, are to any estate, interest, servitude or other heritable right in or over land, including a heritable security;
(d)references to an interest, in relation to property other than land, include references to a right (including a right to possession).
(11)Money laundering is an act which—
(a)constitutes an offence under section 327, 328 or 329,
(b)constitutes an attempt, conspiracy or incitement to commit an offence specified in paragraph (a),
(c)constitutes aiding, abetting, counselling or procuring the commission of an offence specified in paragraph (a), or
(d)would constitute an offence specified in paragraph (a), (b) or (c) if done in the United Kingdom.
(12)For the purposes of a disclosure to a nominated officer—
(a)references to a person’s employer include any body, association or organisation (including a voluntary organisation) in connection with whose activities the person exercises a function (whether or not for gain or reward), and
(b)references to employment must be construed accordingly.
(13)References to a constable include references to a person authorised for the purposes of this Part by [F1the [F2Director General of the National Crime Agency]].
[F3(14) “Deposit-taking body” means—
(a)a business which engages in the activity of accepting deposits, or
(b)the National Savings Bank.]
[F4(15)“Further information order” means an order made under section 339ZH.]
F1Words in s. 340(13) substituted (1.4.2006) by Serious Organised Crime and Police Act 2005 (c. 15), s. 178(8), Sch. 4 para. 174; S.I. 2006/378, art. 4(1), Sch. para. 10
F2Words in s. 340(13) substituted (7.10.2013) by Crime and Courts Act 2013 (c. 22), s. 61(2), Sch. 8 para. 135; S.I. 2013/1682, art. 3(v)
F3S. 340(14) inserted (1.7.2005) by Serious Organised Crime and Police Act 2005 (c. 15), ss. 103(6), 178(8); S.I. 2005/1521, art. 3(1)(c)
F4S. 340(15) inserted (27.4.2017 for specified purposes, 31.10.2017 in so far as not already in force) by Criminal Finances Act 2017 (c. 22), s. 58(5)(6), Sch. 5 para. 38; S.I. 2017/991, reg. 2(s)
C2S. 340(11)(b) modified (E.W.N.I.) (1.10.2008) by Serious Crime Act 2007 (c. 27), s. 94(1), Sch. 6 para. 44(a) (with Sch. 13 para. 5); S.I. 2008/2504, art. 2(a)
I1S. 340 in force at 24.2.2003 by S.I. 2003/120, art. 2, Sch. (with arts. 3, 4) (as amended (20.2.2003) by S.I. 2003/333, art. 14)