Money lauandering

Question 1

What is the legislation relating to money laundering?

Answer 1

Crimes Act 1961 Section 243

Question 2

What is the purpose of the criminal proceeds (recovery) Act 2009?

Answer 2

Is to establish a a regime for the forfieture of property-

(a) that has been derived directly or indirectly from significant criminal activity; or
(b) represents the value of a persons unlawfully derived income.

Question 3

R v Kennedy

Answer 3

Knowledge must exist when the property is dealt with

Question 4

R v Harney

Answer 4

Recklessness is the concious and deliberate taking of an unjustified risk

Question 5

What are teh elements of money laundering?

Answer 5

In respect of any property that is the proceeds of an offence
Engages in a money laundering transaction
Knowing or believing that all or part of the property is the proceeds of an offence.
Or being reckless as to whether or not the property is the proceeds of an offence.