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Money Laundering (Obligations on others to counteract money laundering…
Money Laundering
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A way in which criminals attempt to turn cash and other assets obtained from criminal conduct into genuine assets, in an effort to disguise the original source of the assets.
The offence requires either honest belief or reckless disregard that the property is proceeds of criminal conduct.
Defined as
Converting, transferring, handling , acquiring, possessing or using the property
Removing the property from, or bringing the property into the State
Concealing or disguising the true nature, source, location, disposition, movement or ownership of the property or any rights relating to the property
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