Proceeds of Crime Act (UK)

The Proceeds of Crime Act (UK) is legislation designed to prevent and combat money laundering and the use of criminal earnings. It allows authorities to investigate, seize, and return money or assets obtained through illegal activities, such as fraud, drug trafficking, or corruption. The Act also makes it a crime to launder money or assist others in hiding criminal gains. Its goal is to disrupt criminal enterprises by targeting their financial networks, ensuring that illegal profits cannot be effectively used or concealed.