Money Laundering Offences Flashcards
1
Q
What are the three Money Laundering offences?
A
Concealing
Arrangement
Acquisition
2
Q
What is meant by Concealing?
A
Hiding or disguising criminal property, its nature, source. location, movement or ownership.
3
Q
What is meant by Arrangement?
A
A person may be guilty of money laundering arrangement if they enter or become concerned with an arrangement which they know is related to criminal property.
4
Q
What is meant by Acquisition?
A
A person may be guilty if they acquire, use or have possession of criminal property.
