Penn State International Law Review


Kirk W. Munroe

First Paragraph

The Proceeds of Crime Act 1995 is the newest of several recent pieces of legislation designed to remove the ill-gotten gains of criminal activity from those involved with "dirty money." It follows hard on the heels of the Criminal Justice Act 1993 (CJA 1993), which introduced a wide array of offenses designed to combat the threat of money laundering. While not the first piece of legislation with such a purpose, the CJA 1993 is a major bulwark in the United Kingdom's anti-laundering legislation, creating several offenses for what might at first seem barely criminal behavior. Further, the Money Laundering Regulations (the Regulations) of the same year place an onerous burden on financial institutions to incorporate systems to combat laundering.