Proceeds of unlicensed moneylending
15B.—(1)  In this Part, property is proceeds of unlicensed moneylending if it is wholly or partly derived or realised, whether directly or indirectly, from a contravention of section 5(1).
[5/2010]
(2)  Property becomes proceeds of unlicensed moneylending if —
(a)it is wholly or partly derived or realised from a dealing with or disposal of proceeds of unlicensed moneylending; or
(b)it is wholly or partly acquired using proceeds of unlicensed moneylending,
including by virtue of a previous application of this subsection.
[5/2010]
(3)  Property remains proceeds of unlicensed moneylending even if —
(a)it is credited to an account; or
(b)it is dealt with or disposed of.
[5/2010]