Money Laundering Flashcards
Name section, act, penalty and ingredients.
1
Q
Money Laundering
A
Section 243(2) Crimes Act 1961, 7 years
Engages in a money laundering transaction
With property that is the proceeds of a serious offence
Knowing OR Believing OR Being reckless that all part or part of the property are the proceeds of a serious offence
2
Q
Money Laundering
A
Section 243(3) Crimes Act 1961, 5 years
Obtains or possesses any property
Being property that is proceeds of a serious offence committed by another person
With intent to commit a money laundering transaction
Knowing OR Believing OR Being reckless that all part or part of the property are the proceeds of a serious offence
