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Turning over a new leaf: Cannabis, UK investors and the Proceeds of Crime Act 2002

The Macfarlanes Corporate Crime & Investigations team has published an article considering the recent legalisation of cannabis in Canada (and elsewhere) and the issues that investors from the United Kingdom in this industry may face as a result of the UK's money laundering legislation.

In particular, we consider the possible offences that may be committed by UK investors under ss327, 328 and 329 of the Proceeds of Crime Act 2002 and the available defences to them.

You can read the article here.

... under English law, UK investors that hold shares or invest in companies whose business activities involve the cultivation of cannabis or sale of cannabis-related products are likely to be at risk of committing a criminal offence.


money laundering, proceeds of crime, financial crime, nca