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Section 47R: Release of property

Proceeds of Crime Act 2002 · 2002 c. 29View on legislation.gov.uk

Part 2: Confiscation: England and Wales

This section applies in relation to property which—

The property must be released if at any time an appropriate officer decides that the detention condition is no longer met.

The detention condition is met for so long as—

Nothing in this section requires property to be released if there is a power to detain it otherwise than under or by virtue of sections 47J to 47M and 47P.

Nothing in this section affects the operation of any power or duty to release property that arises apart from this section.

If a cryptoasset-related item which has been released is not claimed within the period of a year beginning with the date on which it was released, the appropriate officer may—

retain the item and deal with it as they see fit,
dispose of the item, or
destroy the item.

The powers in subsection (6) may be exercised only—

where the appropriate officer has taken reasonable steps to notify—
the person from whom the item was seized, and
any other persons who the appropriate officer has reasonable grounds to believe have an interest in the item,

that the item has been released, and

with the approval of a senior officer.

"Senior officer" in subsection (7)(b) has the meaning given in section 47G(3).

Any proceeds of a disposal of the item are to be paid into the Consolidated Fund.

About this text

This legislation text comes from legislation.gov.uk. Contains public sector information licensed under the Open Government Licence v3.0. These source and reuse terms cover the legislation text, not Remedy's commentary.

Reuse reviewed 21 August 2026 under Open Government Licence v3.0.