Money laundering is actually also covered in the Proceeds of Crime Act 2002, Part 7. It is defined in the most abstract term possible. That is done in order to

Money laundering is actually also covered in the Proceeds of Crime Act 2002, Part 7. It is defined in the most abstract term possible. That is done in order to make the example you provided an offense as well: "A person commits an offence if he enters into or becomes concerned in an arrangement which he knows or suspects facilitates (by whatever means) the acquisition, retention, use or control of criminal property by or on behalf of another person."