Meaning of “proceeds of crime”

(1) Property is the proceeds of crime if it constitutes a person’s benefit from an offence or it represents such a benefit, in whole or part and whether directly or indirectly. (2) For the purposes of sub-section (1)– (a) a person benefits from an offence if he obtains property as a result of or in connection with the offence; (b) if a person benefits from an offence, his benefit is the value of the property obtained as a result of or in connection with the offence; (c) if a person derives a pecuniary advantage as a result of or in connection with an offence, he is to be taken to obtain, as a result of or in connection with the offence, a sum of money equal to the value of the pecuniary advantage; and (d) it is immaterial– (i) who committed the offence; (ii) who benefited from the offence; or (iii) whether the offence occurred before or after the commencement date. (3) References to property obtained or a pecuniary advantage derived in connection with an offence include references to property obtained or a pecuniary advantage derived in both that connection and some other connection.