The Proceeds of Crime (Money Laundering) (Threshold Amount) (Amendment) Order 2025
This Order increases from £1,000 to £3,000 the threshold amounts specified in section 339A(2) and (6A) of the Proceeds of Crime Act 2002 (c. 29) (“POCA”). The threshold amount in section 339A(2) is the value of criminal property below which a bank or similar firm (a deposit-taking body, electronic money institution or payment institution) can carry out a transaction, in operating an account for a customer, without committing one of the money laundering offences in sections 327 to 329 of POCA. The threshold in section 339A(2) was raised from £250 to £1,000 by the Proceeds of Crime (Money Laundering) (Threshold Amount) Order 2022 (S.I. 2022/1355).