Section A

Which TWO of the following are principal offences under the Proceeds of Crime Act 2002 (POCA) relating to money laundering?

Answer options:

Concealing, disguising, converting, or transferring criminal property.

Failing to prevent bribery by an associated person.

Acquiring, using, or having possession of criminal property.

Trading based on inside information.

How to approach this question

Identify the specific offences created by the Proceeds of Crime Act 2002 regarding the handling of criminal property.

Full Answer

The three principal money laundering offences under POCA 2002 are: concealing/disguising criminal property (s.327), arranging/facilitating the acquisition of criminal property (s.328), and acquiring/using/possessing criminal property (s.329).

Common mistakes

Confusing money laundering offences with bribery or insider dealing.

Question 19 All questions Question 21

Practice the full ACCA LW — Corporate and Business Law Practice Exam 6

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