# Proceeds of Crime Act 2002, Section 303: “The minimum amount”

Extent: E+W+S+N.I.

(1) In this Chapter, the minimum amount is the amount in sterling specified in an order made by the Secretary of State after consultation with the Scottish Ministers and the Department of Justice .
(2) For that purpose the amount of any cash held in a currency other than sterling must be taken to be its sterling equivalent, calculated in accordance with the prevailing rate of exchange.

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Source: https://www.legislation.gov.uk/ukpga/2002/29/section/303 (the official version)
Page: https://openlegislation.uk/proceeds-of-crime-act-2002/section-303
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.