The Proceeds of Crime Act 2002 (References to Financial Investigators) (England and Wales and Northern Ireland) (Amendment) Order 2025
Source: legislation.gov.uk (2025-05-26)

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).

This Statutory Instrument corrects errors in S.I. 2024/425 (\"http://www.legislation.gov.uk/id/uksi/2024/425\") and is being issued free of charge to all known recipients of that Statutory Instrument.

Statutory Instruments

2025 No. 537

Proceeds Of Crime, England And Wales

Proceeds Of Crime, Northern Ireland

The Proceeds of Crime Act 2002 (References to Financial Investigators) (England and Wales and Northern Ireland) (Amendment) Order 2025

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 (\"#f00001\")).

Citation, commencement and extent

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.

Amendments to the Proceeds of Crime Act 2002 (References to Financial Investigators) (England and Wales and Northern Ireland) Order 2021

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 (\"#f00002\"))—

(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

EXPLANATORY NOTE

(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) (\"http://www.legislation.gov.uk/id/ukpga/2002/29\").

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.

(1)

2002 c. 29 (\"http://www.legislation.gov.uk/id/ukpga/2002/29\").

(2)

S.I. 2021/640 (\"http://www.legislation.gov.uk/id/uksi/2021/640\"), amended by S.I. 2023/424 (\"http://www.legislation.gov.uk/id/uksi/2023/424\") and 2024/425 (\"http://www.legislation.gov.uk/id/uksi/2024/425\").