Which of the following statute covers money laundering?

The Proceeds of Crime Act is the legislation that primarily addresses money laundering in the UK. This statute provides law enforcement agencies with the powers necessary to combat money laundering by establishing offenses related to the handling of property derived from crime. It outlines the offenses of concealing, converting, or transferring criminal property and sets out the various obligations for individuals and organizations regarding reporting suspicious activities.

The Act is crucial in creating a framework for the recovery of the proceeds of crime, focusing on the criminalization of money laundering and the conduct of both individuals and institutions in relation to handling stolen or unlawfully obtained assets. Its comprehensive approach to tackling money laundering makes it the correct choice among the options provided.

Other names mentioned in the choices either do not exist within the legislation framework or are inaccurately representing the specifics of money laundering laws. The clarity and authority of the Proceeds of Crime Act as a legal measure targeting the proceeds of criminal activity underscores its significance in the fight against financial crime.