On 16 July 2025, there was published on legislation.gov.uk, The Proceeds of Crime (Money Laundering) (Threshold Amount) (Amendment) Order 2025.
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. The threshold in section 339A(2) 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.