Cap. 621 Art. 3Proceeds of crime, facilitating property, and property subject to confiscation.

(1) "Proceeds of crime" means any economic advantage or other benefit derived directly or indirectly from a relevant offence, including but not limited to any property or interest in property that would not have been obtained or retained but for the commission of the offence.

(2) Proceeds of crime may consist of any kind of property of any description and of whatsoever nature, whether movable or immovable, corporeal or incorporeal irrespective of whether such property is situated in Malta or otherwise and irrespective of by whom such property is held, and includes any subsequent reinvestment or transformation of proceeds.

(3) Proceeds of crime means the gross proceeds of a relevant offence without credit or deduction for any costs incurred in committing the offence or taxes paid or owing.

(4) "Facilitating property" means any property used or intended to be used to commit or to facilitate the commission of a relevant offence, such as by making the offence less difficult to commit or more or less free from obstruction or hindrance.

(5) "Property involved in money laundering" includes any proceeds of crime that are the subject of the money laundering transaction, any property commingled with the proceeds of crime at the time the money laundering transaction occurs, any property in which the proceeds or crime are invested or for which they are exchanged in the course of the money laundering offence, and any property used to facilitate the money laundering offence.

(6) "Property subject to confiscation" includes the proceeds of crime, facilitating property, and all property involved in a money laundering offence.