The UK Proceeds of Crime threshold is now £3k (for some)
04/08/2025
On 16 July 2025, the Proceeds of Crime (Money Laundering) (Threshold Amount) (Amendment) Order 2025 was published on legislation.gov.uk.
This Order comes into force on 31 July 2025 and increases from £1,000 to £3,000 the threshold amounts specified in:-
- Section 339A(2) and (6A) of the Proceeds of Crime Act 2022 (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.
- Was raised from £250 to £1,000 by the Proceeds of Crime (Money Laundering) (Threshold Amount) Order 2022.
The threshold amount in section 339A(6A) is:-
- The value of criminal property below which a person carrying on business in the regulated sector (as defined in Part 1 of Schedule 9 to POCA) can return money or other property to a customer or client, in order to end their business relationship, without committing one of the money laundering offences in sections 327 to 329 of POCA.
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As well as owning and publishing Comsure's copyrighted works, Comsure wishes to use the copyright-protected works of others. To do so, Comsure is applying for exemptions in the UK copyright law. There are certain very specific situations where Comsure is permitted to do so without seeking permission from the owner. These exemptions are in the copyright sections of the Copyright, Designs and Patents Act 1988 (as amended)[www.gov.UK/government/publications/copyright-acts-and-related-laws]. Many situations allow for Comsure to apply for exemptions. These include 1] Non-commercial research and private study, 2] Criticism, review and reporting of current events, 3] the copying of works in any medium as long as the use is to illustrate a point. 4] no posting is for commercial purposes [payment]. (for a full list of exemptions, please read here www.gov.uk/guidance/exceptions-to-copyright]. Concerning the exceptions, Comsure will acknowledge the work of the source author by providing a link to the source material. Comsure claims no ownership of non-Comsure content. The non-Comsure articles posted on the Comsure website are deemed important, relevant, and newsworthy to a Comsure audience (e.g. regulated financial services and professional firms [DNFSBs]). Comsure does not wish to take any credit for the publication, and the publication can be read in full in its original form if you click the articles link that always accompanies the news item. Also, Comsure does not seek any payment for highlighting these important articles. If you want any article removed, Comsure will automatically do so on a reasonable request if you email info@comsuregroup.com.