Which of the following is a principal money laundering offence under the Proceeds of Crime Act 2002?
Answer and explanation
Correct answer: D. Concealing criminal property
- Step 1: The Act creates offences of concealing, arranging and acquiring, using or possessing criminal property.
- Step 2: Concealing or transferring criminal property is a principal offence.
Answer
Concealing criminal property.
Why not the others: A high fee is not a money laundering offence. Late filing is a different offence under company law. Advising on a bank loan is lawful, unless it is part of laundering.
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