Money Laundering
The question
To ask the Secretary of State for the Home Department, how many (a) prosecutions and (b) convictions of companies for money laundering there were under the Proceeds of Crime Act 2002 in the last five years.
Answered by Dan Jarvis
The number of companies and public bodies prosecuted for the principal offence of money laundering under POCA 2002 has fluctuated between 1 and 5 each year between the year ending June 2019 and the year ending June 2024.
The number of companies and public bodies convicted for the principal offence of money laundering under POCA 2002 has fluctuated between 0 and 5 each year between the year ending June 2019 and the year ending June 2024.
Money laundering prosecutions and convictions of companies and public bodies under POCA and Money Laundering Regulation’s 2007 (principal offence) | ||||||
Year ending June 2019 | Year ending June 2020 | Year ending June 2021 | Year ending June 2022 | Year ending June 2023 | Year ending June 2024 | |
Proceeded against | 1 | 5 | 5 | 3 | 5 | 1 |
Convicted | 5 | 1 | 0 | 3 | 1 | 2 |
To note, a small proportion of defendant types are also recorded as ‘unknown’ each year (not included in figures in table).
Source: Criminal Justice System statistics quarterly: June 2024 - GOV.UK
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