- A person shall be guilty of the offence of money laundering if found to have directly or indirectly attempted to indulge, knowingly assisted, or knowingly been a party or actually involved in one or more of the following processes or activities connected with proceeds of crime, namely: (a) concealment; or (b) possession; or (c) acquisition; or (d) use; or (e) projecting as untainted property; or (f) claiming as untainted property, in any manner whatsoever.
- The process or activity connected with the proceeds of crime is a continuing activity and continues until such time as a person is directly or indirectly enjoying the proceeds of crime by its concealment, possession, acquisition, use, or projecting it as untainted property or claiming it as untainted property in any manner whatsoever.
What is a Money Laundering offence?
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