Acquiring, possessing, using, concealing or transferring benefits from criminal conduct
54.—(1)  Any person who —
(a)conceals or disguises any property which is, or in whole or in part, directly or indirectly, represents, the person’s benefits from criminal conduct;
(b)converts or transfers that property or removes it from the jurisdiction; or
(c)acquires, possesses or uses that property,
shall be guilty of an offence.
[44/2007; 51/2018]
(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 from criminal conduct —
(a)conceals or disguises that property; or
(b)converts or transfers that property or removes it from the jurisdiction,
shall be guilty of an offence.
[4/2010]
(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 from criminal conduct, acquires that property, or has possession of or uses such property, shall be guilty of an offence.
[44/2007; 4/2010]
(3A)  Any person —
(a)who —
(i)conceals or disguises any property which is, or in whole or in part, directly or indirectly, represents, another person’s benefits from criminal conduct;
(ii)converts or transfers that property or removes it from the jurisdiction; or
(iii)acquires, possesses or uses that property; and
(b)who —
(i)does so rashly in respect of the circumstance that the property represents another person’s benefits from criminal conduct; or
(ii)does so negligently,
shall be guilty of an offence.
[Act 15 of 2023 wef 08/02/2024]
(4)  In subsections (1)(a), (2)(a) and (3A)(a)(i), 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.
[Act 15 of 2023 wef 08/02/2024]
(5)  Any individual who commits an offence under subsection (1), (2) or (3) shall be liable on conviction to a fine not exceeding $500,000 or to imprisonment for a term not exceeding 10 years or to both.
[Act 15 of 2023 wef 08/02/2024]
(6)  Any individual who commits an offence under subsection (3A) shall be liable on conviction —
(a)in a case mentioned in subsection (3A)(b)(i), to a fine not exceeding $250,000 or to imprisonment for a term not exceeding 5 years or to both; or
(b)in a case mentioned in subsection (3A)(b)(ii), to a fine not exceeding $150,000 or to imprisonment for a term not exceeding 3 years or to both.
[Act 15 of 2023 wef 08/02/2024]
(7)  Any person who is not an individual who commits an offence under subsection (1), (2), (3) or (3A) shall be liable on conviction to a fine not exceeding $1 million or twice the value of the benefits from criminal conduct in respect of which the offence was committed, whichever is higher.
[47
[44/2007; 21/2014; 51/2018]
[Act 15 of 2023 wef 08/02/2024]
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Last updated 29 Apr 2024
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