Paragraph 6

(a)

If proceeds have been transformed or converted into other property, such property shall be liable to the measures referred to in this article instead of the proceeds.

(b)

If proceeds have been intermingled with property acquired from legitimate sources, such property shall, without prejudice to any powers relating to seizure or freezing, be liable to confiscation up to the assessed value of the intermingled proceeds.

(c)

Income or other benefits derived from:

(i)

Proceeds;

(ii)

Property into which proceeds have been transformed or converted; or

(iii)

Property with which proceeds have been intermingled

shall also be liable to the measures referred to in this article, in the same manner and to the same extent as proceeds.

Notes on Schedule 1

Footnotes

f1: Paragraph 15 of Schedule 1 to the 1989 Act was amended bt section 22 of the Criminal Justice (International Co-operation) Act 1990.
f2: Treaty Series No. 23 (1979), Cmnd. 7466.
f3: Miscellaneous No. 24 (1978), Cmnd. 7330.