Section 3: Asset not to Be Laundered

1)  No person shall commit or cause to commit any of the following acts:

(a) Converting and transferring property by any means knowing or having reasonable grounds to believe that it is proceeds of crime for the purpose of concealing or disguising the illicit origin of the property or assisting any person involved in the offence for evading legal consequences of the offender,

(b) Concealing or disguising or changing the true nature, source, location, disposition, movement or ownership of property or rights with respect to such property knowing or having reasonable grounds to believe that it is proceeds of crimes, or

(c) Acquiring, using, possessing property knowing or having reasonable grounds to believe it is the proceeds of crime.

2) No person shall conspire to commit, aid, abet, facilitate, counsel, attempt, associate with or participate in the commission of the acts mentioned in sub-section (1).

3) Any person who commits any act mentioned in sub-section (1) or (2) commits the offence of money laundering.