VAT evasion is a crime, the proceeds of which must be treated in the same way as those from drug dealing, fraud and theft.

‘Money laundering’ perhaps evokes images of criminals distributing the proceeds of a drug deal. Such transactions are where the term originated and its current meaning includes such activities, but the meaning has been significantly extended. ‘Criminal property’ includes not just cash and similar pecuniary benefits but all forms of benefits‐in-kind, where a benefit may be direct or indirectly obtained.

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