The Criminal Finances Act 2017 and Economic Crime and Corporate Transparency Act 2023 (Consequential Amendments) Regulations 2024
Write the words of this act the way you think they should read. Solon shows your change as a redline against the published text and pins it to that exact text, so it can never be applied to wording you did not see.
Change 1
2 Amendments to the Proceeds of Crime Act 2002
(1) The Proceeds of Crime Act 2002 is amended as follows. (2) In subsection (3) of section 341 (investigations), after paragraph (d) omit “or” and after paragraph (e) insert “, or (f) property detained under Chapter 3C or 3F of Part 5 or property held in an account in relation to which a crypto wallet freezing order made under section 303Z37 has effect. . (3) In section 352 (search and seizure warrants)— (a) in subsection (3)(c), after “(7B)” insert “, (7C), (7D), (7E), (7F), (7G), (7H)”; (b) in subsection (5), after paragraph (cb) insert— (cc) a constable, an SFO officer, an accredited financial investigator or an officer of Revenue and Customs, if the warrant is sought for the purposes of a cryptoasset investigation; ; (c) in subsection (7), for “and (cb)” substitute “, (cb) and (cc)”. (4) In section 353 (requirements where production order not available)— (a) in subsection (5)(a), after “(7F),” insert “(7G), (7H),”; (b) after subsection (7F) insert— (7G) In the case of a cryptoasset investigation into the derivation of cryptoassets or converted cryptoassets, material falls within this subsection if it cannot be identified at the time of the application but it— (a) relates to the property specified in the application, the question whether the property, or a part of it, is recoverable property or any other question as to its derivation, and (b) is likely to be of substantial value (whether or not by itself) to the investigation for the purposes of which the warrant is sought. (7H) In the case of a cryptoasset investigation into the intended use of cryptoassets or converted cryptoassets, material falls within this subsection if it cannot be identified at the time of the application but it— (a) relates to property specified in the application or the question whether the property, or a part of it, is intended by any person to be used in unlawful conduct, and (b) is likely to be of substantial value (whether or not by itself) to the investigation for the purposes of which the warrant is sought. ; (c) in subsection (10), after paragraph (cb) insert— (cc) a constable, an SFO officer, an accredited financial investigator or an officer of Revenue and Customs, if the warrant is sought for the purposes of a cryptoasset investigation; ; (d) in subsection (11), for “and (cb)” substitute “, (cb) and (cc)”. (5) In subsection (2) of section 387 (search warrants), for “or a frozen funds investigation,” substitute “, a frozen funds investigation or a cryptoasset investigation,”. (6) In section 388 (requirements where production order not available)— (a) in subsection (5)(a), after “(7F)” insert “, (7G), (7H)”; (b) after subsection (7F) insert— (7G) In the case of a cryptoasset investigation into the derivation of cryptoassets or converted cryptoassets, material falls within this subsection if it cannot be identified at the time of the application but it— (a) relates to the property specified in the application, the question whether the property, or a part of it, is recoverable property or any other question as to its derivation, and (b) is likely to be of substantial value (whether or not by itself) to the investigation for the purposes of which the warrant is sought. (7H) In the case of a cryptoasset investigation into the intended use of cryptoassets or converted cryptoassets, material falls within this subsection if it cannot be identified at the time of the application but it— (a) relates to property specified in the application or the question whether the property, or a part of it, is intended by any person to be used in unlawful conduct, and (b) is likely to be of substantial value (whether or not by itself) to the investigation for the purposes of which the warrant is sought. .
2 Amendments to the Proceeds of Crime Act 2002
(1) The Proceeds of Crime Act 2002 is amended as follows. (2) In subsection (3) of section 341 (investigations), after paragraph (d) omit “or” and after paragraph (e) insert “, or (f) property detained under Chapter 3C or 3F of Part 5 or property held in an account in relation to which a crypto wallet freezing order made under section 303Z37 has effect. . (3) In section 352 (search and seizure warrants)— (a) in subsection (3)(c), after “(7B)” insert “, (7C), (7D), (7E), (7F), (7G), (7H)”; (b) in subsection (5), after paragraph (cb) insert— (cc) a constable, an SFO officer, an accredited financial investigator or an officer of Revenue and Customs, if the warrant is sought for the purposes of a cryptoasset investigation; ; (c) in subsection (7), for “and (cb)” substitute “, (cb) and (cc)”. (4) In section 353 (requirements where production order not available)— (a) in subsection (5)(a), after “(7F),” insert “(7G), (7H),”; (b) after subsection (7F) insert— (7G) In the case of a cryptoasset investigation into the derivation of cryptoassets or converted cryptoassets, material falls within this subsection if it cannot be identified at the time of the application but it— (a) relates to the property specified in the application, the question whether the property, or a part of it, is recoverable property or any other question as to its derivation, and (b) is likely to be of substantial value (whether or not by itself) to the investigation for the purposes of which the warrant is sought. (7H) In the case of a cryptoasset investigation into the intended use of cryptoassets or converted cryptoassets, material falls within this subsection if it cannot be identified at the time of the application but it— (a) relates to property specified in the application or the question whether the property, or a part of it, is intended by any person to be used in unlawful conduct, and (b) is likely to be of substantial value (whether or not by itself) to the investigation for the purposes of which the warrant is sought. ; (c) in subsection (10), after paragraph (cb) insert— (cc) a constable, an SFO officer, an accredited financial investigator or an officer of Revenue and Customs, if the warrant is sought for the purposes of a cryptoasset investigation; ; (d) in subsection (11), for “and (cb)” substitute “, (cb) and (cc)”. (5) In subsection (2) of section 387 (search warrants), for “or a frozen funds investigation,” substitute “, a frozen funds investigation or a cryptoasset investigation,”. (6) In section 388 (requirements where production order not available)— (a) in subsection (5)(a), after “(7F)” insert “, (7G), (7H)”; (b) after subsection (7F) insert— (7G) In the case of a cryptoasset investigation into the derivation of cryptoassets or converted cryptoassets, material falls within this subsection if it cannot be identified at the time of the application but it— (a) relates to the property specified in the application, the question whether the property, or a part of it, is recoverable property or any other question as to its derivation, and (b) is likely to be of substantial value (whether or not by itself) to the investigation for the purposes of which the warrant is sought. (7H) In the case of a cryptoasset investigation into the intended use of cryptoassets or converted cryptoassets, material falls within this subsection if it cannot be identified at the time of the application but it— (a) relates to property specified in the application or the question whether the property, or a part of it, is intended by any person to be used in unlawful conduct, and (b) is likely to be of substantial value (whether or not by itself) to the investigation for the purposes of which the warrant is sought. .
One line that says what changes, such as "Halve the dog tax".
Who it helps, what it costs, what it fixes. It is what persuades people to support it.
How this law is officially changed
Solon does not know this law's official route yet. The proposal is recorded all the same, and the route appears here once its source is added.
A proposal here is not law. Support on Solon is evidence that people want the change; the official route says what it takes to make it law.
Sign in to file your proposal. What you have written stays on this page.
Sign in to file itThink it through
Ask what your change would do, who would gain and who would bear a cost, and where something like it is already law. The assistant reads your draft as it stands, cites the law and the studies it finds, and takes no side. What you file stays yours.