Gazette amending-2023-0012 — Proceeds of Crime Act

Gazette

amending-2023-0012

Published

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Section 0

LG32/S3 —

s0Replaced references to Parts with numeric values (e.g., Part I with Part 1).

Section 2

LG32/S3 —

s2Amended section heading by deleting the words “Definitions and”.

Section 2

LG32/S3 —

s2Inserted definitions for 'appropriate officer', 'designated non-financial business and profession', and 'self-regulatory body'.

Section 2

LG32/S3 —

s2Deleted the definitions of “property investment” and “single family office”.

Section 2

LG32/S3 —

s2Amended the definition of 'virtual asset' to exclude digital representations of fiat currencies.

Section 2

LG32/S3 —

s2Repealed section 2A regarding the meaning of “single family”.

Section 4

LG32/S3 —

s4Substituted subsection (2)(ca) regarding dissemination of information by the Financial Reporting Authority.

Section 4

LG32/S3 —

s4Substituted subsection (9) regarding the assignment of monitoring compliance with money laundering regulations.

Section 9

LG32/S3 —

s9Substituted subsection (1) regarding protection upon disclosure of information to the Financial Reporting Authority.

Section 14

LG32/S3 —

s14Inserted Part 2A regarding immunity of persons appointed as Supervisory Authorities.

Section 79

LG32/S3 —

s79Substituted paragraph (2)(b) regarding property obtained through unlawful conduct.

Section 82

LG32/S3 —

s82Substituted subsection (4) regarding application for property freezing order.

Section 110

LG32/S3 —

s110Substituted subsection (5) regarding searches.

Section 110

LG32/S3 —

s110Inserted subsection (7A) defining 'minimum amount'.

Section 133

LG32/S3 —

s133Substituted paragraph (2)(a) regarding concealing, etc.

Section 133

LG32/S3 —

s133Deleted the words “or a nominated officer” in paragraph (2)(b).

Section 134

LG32/S3 —

s134Substituted paragraph (2)(a) regarding arrangements.

Section 135

LG32/S3 —

s135Substituted paragraph (2)(a) regarding acquisition, use and possession.

Section 135

LG32/S3 —

s135Deleted the words “or a nominated officer” in paragraph (2)(b).

Section 138

LG32/S3 —

s138Substituted paragraph (1)(b) regarding disclosure by the Financial Reporting Authority.

Section 144

LG32/S3 —

s144Substituted subsection (5A) regarding interpretation of criminal property.

Section 145

LG32/S3 —

s145Deleted the word “and” at the end of paragraph (1)(f).

Section 145

LG32/S3 —

s145Inserted paragraph (1)(fa) regarding a framework for reporters of suspicion of criminal conduct.

Section 196

LG32/S3 —

s196Substituted words in section 196 regarding extradition.

Section 0

LG32/S3 —

s0Amended Schedule 5 regarding modifications to the Act when applied to external confiscation orders and related proceedings.

Section 0

LG32/S3 —

s0Amended Schedule 6 regarding activities falling within the definition of “relevant financial business”.