Money Laundering
Money Laundering – means:
- a change in the legal status of assets or a transfer of assets, knowing that it is derived from, or through being involved in, a criminal activity, for the purpose of concealing or disguising the illicit origin of the assets or of assisting any person involved in a criminal activity to avoid the legal consequences of that activity;
- concealing or disguising the true nature, provenance, source, location, disposal, movement, ownership or other rights in respect of assets, knowing that the assets is the proceeds of, or have been derived from involvement in, criminal activity;
- the acquisition, possession or use of assets, knowing at the time of acquisition (transfer) that the assets have been obtained from, or through being involved in, criminal activity;
- preparing, attempting to commit, aiding or abetting any of the offences referred to above.
Last modified 1yr ago