Which of the following pieces of legislation defines money laundering, terrorist funding activity, and criminal property offenses?
A. Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017
B. Proceeds of Crime Act 2002
C. Terrorism Act 2000
D. Criminal Finances Act 2017
Answer (2)
The Proceeds of Crime Act 2002 is the correct legislation that defines money laundering, terrorist financing activity, and criminal property offences. This act provides comprehensive frameworks for the recovery of criminal assets and the regulation of financial crimes. Other options mentioned do not define these concepts as thoroughly as this act. ;
The Proceeds of Crime Act 2002 is the legislation that defines money laundering, terrorist financing activity, and criminal property offenses comprehensively. Other options address components of financial crime but do not provide the same depth in legal definitions. Therefore, option B is the correct choice.
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