Defining and Registering Criminal Offences and Measures - Oapen

148
Money laundering
In addition to these questions in the trial questionnaire, the subsidiary questionnaire
also featured a section on this offence. It had the following structure:
S.3 Money laundering
Money laundering is the practice of engaging in specific financial transactions to conceal the
identity, source, and/or destination of money. It is usually connected with organized crime but
can arise from other activities such as tax evasion or false accounting.
Money laundering is carried out in a multitude of different ways, all involving the passage of
money or assets via any organisation that facilitates the passage of money.
Does the concept of money laundering in your country include the following ele-
ments?
The conversion or transfer of property, knowing
that such property is derived from criminal activity or
from an act of participation in such activity, for the
purpose of concealing or disguising the illicit origin of
the property or of assisting any person who is involved
in the commission of such activity to evade
the legal consequences of his action.
The concealment or disguise of the true nature,
source, location, disposition, movement, rights
with respect to, or ownership of property, knowing
that such property is derived from criminal activity
or from an act of participation in such activity.
The acquisition, possession or use of property,
knowing, at the time of receipt, that such property
was derived from criminal activity or from an act of
participation in such activity; participation in, association
to commit, attempts to commit and aiding, abetting,
facilitating and counselling the commission of
any of the actions mentioned in the foregoing points
Other unusual transactions such as high demand
for 500 Euro notes.
Indicate if
included in
legal provisions
on money
laundering
(Y/N)
Indicate if
included in a
different legal
provision
(please specify
section)