Statutory Instruments
2022 No. 1355
Proceeds Of Crime
The Proceeds of Crime (Money Laundering) (Threshold Amount) Order 2022
Made
15th December 2022
Coming into force
5th January 2023
The Secretary of State makes this Order in exercise of the power conferred by section 339A(7) of the Proceeds of Crime Act 2002( 1 ).
A draft of this Order was laid before Parliament in accordance with section 459(6) of that Act and was approved by a resolution of each House of Parliament.
Citation, commencement and extent
1. —(1) This Order may be cited as the Proceeds of Crime (Money Laundering) (Threshold Amount) Order 2022 and comes into force on the day which falls 21 days after the day on which it is made.
(2) This Order extends to England and Wales, Scotland and Northern Ireland.
Variation of threshold amount
2. In section 339A(2) of the Proceeds of Crime Act 2002 (threshold amounts), for “250” substitute “1,000” .
Tom Tugendhat
Minister of State
Home Office
15th December 2022
2002 c. 29 . Section 339A was inserted by section 103(1) and (5) of the Serious Organised Crime and Police Act 2005 (c. 15) . It was amended by section 32(1) and (5) of the Financial Services Act 2021 (c. 22) . Section 459(6) was amended by section 103(1) and (7) by the Serious Organised Crime and Police Act 2005.