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Formal Consolidation | 2000 RevEd
Concealing or transferring benefits of drug trafficking
46.—(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,
[44/2007 wef 01/11/2007]
shall be guilty of an offence.
[25/99]
(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.
[25/99]
(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.
[44/2007 wef 01/11/2007]
[4/2010 wef 17/02/2010]
[25/99]
(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.
[44/2007 wef 01/11/2007]
[43
[25/99]
Informal Consolidation | Amended S 597/2007
Acquiring, possessing, using, concealing or transferring benefits of drug trafficking
46.—(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;
[44/2007 wef 01/11/2007]
(b)
converts or transfers that property or removes it from the jurisdiction; or
[44/2007 wef 01/11/2007]
(c)
acquires, possesses or uses that property,
[44/2007 wef 01/11/2007]
shall be guilty of an offence.
[25/99]
(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 ordershall be guilty of an offence.
[25/99]
(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, or has possession of or uses such property, shall be guilty of an offence.
[44/2007 wef 01/11/2007]
[4/2010 wef 17/02/2010]
[25/99]
(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 —
(a)
if the person is an individual, to a fine not exceeding $500,000 or to imprisonment for a term not exceeding 7 years or to both; or
[44/2007 wef 01/11/2007]
(b)
if the person is not an individual, to a fine not exceeding $1 million.