The Proceeds of Crime Act 2002 (Money Laundering: Exceptions to Overseas Conduct Defence) Order 2006

• Citation: S.I. 2006/1070
• Sections: 2

Section 1

This Order may be cited as the Proceeds of Crime Act 2002 (Money Laundering: Exceptions to Overseas Conduct Defence) Order 2006 and shall come into force on 15 th May 2006.

Section 2

(1) Relevant criminal conduct of a description falling within paragraph (2) is prescribed for the purposes of sections 327(2A)(b)(ii), 328(3)(b)(ii) and 329(2A)(b)(ii) of the Proceeds of Crime Act 2002 (exceptions to defence where overseas conduct is legal under local law).

(2) Such relevant criminal conduct is conduct which would constitute an offence punishable by imprisonment for a maximum term in excess of 12 months in any part of the United Kingdom if it occurred there other than—

(a) an offence under the Gaming Act 1968 ;

(b) an offence under the Lotteries and Amusements Act 1976 , or

(c) an offence under section 23 or 25 of the Financial Services and Markets Act 2000 .