Money laundering offence defined to include attempt, assistance or involvement in concealment, possession, acquisition or use. An explanation to section 3 clarifies that a person is guilty of the offence of money laundering if found to have directly or indirectly attempted to indulge in, knowingly assisted, been a party to, or is actually involved in concealment, possession, acquisition, use, projecting proceeds as untainted property, or claiming them as untainted property; and that such process or activity is a continuing activity until the person is directly or indirectly enjoying the proceeds by those means.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Money laundering offence defined to include attempt, assistance or involvement in concealment, possession, acquisition or use.
An explanation to section 3 clarifies that a person is guilty of the offence of money laundering if found to have directly or indirectly attempted to indulge in, knowingly assisted, been a party to, or is actually involved in concealment, possession, acquisition, use, projecting proceeds as untainted property, or claiming them as untainted property; and that such process or activity is a continuing activity until the person is directly or indirectly enjoying the proceeds by those means.
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