Proceeds of crime definition expanded to include domestic equivalent property for assets held abroad; reporting threshold increased. The amendment expands the Act's property definition to include a domestic property equivalent when the property is taken or held abroad, and raises the statutory monetary threshold in the relevant definition, increasing the minimum value that determines the scope of transactions covered by the Act.
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Provisions expressly mentioned in the judgment/order text.
Proceeds of crime definition expanded to include domestic equivalent property for assets held abroad; reporting threshold increased.
The amendment expands the Act's property definition to include a domestic property equivalent when the property is taken or held abroad, and raises the statutory monetary threshold in the relevant definition, increasing the minimum value that determines the scope of transactions covered by the Act.
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