Concealing or transferring benefits of drug trafficking
43.—(1) Any person who —
(a)
conceals or disguises any property which is, or in whole or in part, directly or indirectly, represents, his benefits of drug trafficking; or
(b)
converts or transfers that property or removes it from the jurisdiction,
shall be guilty of an offence.
(2) Any person who, knowing or having reasonable grounds to believe that any property is, or in whole or in part, directly or indirectly, represents, another person’s benefits of drug trafficking —
(a)
conceals or disguises that property; or
(b)
converts or transfers that property or removes it from the jurisdiction,
for the purpose of assisting any person to avoid prosecution for a drug trafficking offence or a foreign drug trafficking offence or the making or enforcement of a confiscation order shall be guilty of an offence.
(3) Any person who, knowing or having reasonable grounds to believe that any property is, or in whole or in part directly or indirectly represents, another person’s benefits of drug trafficking, acquires that property for no, or inadequate consideration shall be guilty of an offence.
(4) In subsections (1)(a) and (2)(a), references to concealing or disguising any property include references to concealing or disguising its nature, source, location, disposition, movement or ownership or any rights with respect to it.
(5) For the purposes of subsection (3), consideration given for any property is inadequate if its value is significantly less than the market value of that property, and there shall not be treated as consideration the provision for any person of services or goods which are of assistance to him in drug trafficking.
(6) Any person who commits an offence under this section shall be liable on conviction to a fine not exceeding $200,000 or to imprisonment for a term not exceeding 7 years or to both.