Prevention of Money Laundering Act, 2002

CHAPTER II

OFFENCE OF MONEY-LAUNDERING

Offence of money-laundering.

3. Whosoever directly or indirectly attempts to indulge or knowingly assists or knowingly is a party or is actually involved in any process or activity connected with the [proceeds of crime including its concealment, possession, acquisition or use and projecting or claiming] it as untainted property shall be guilty of offence of money-laundering.

[Explanation.-For the removal of doubts, it is hereby clarified that,-

(i)

-

a person shall be guilty of offence of money-laundering if such person is found to have directly or indirectly attempted to indulge or knowingly assisted or knowingly is a party or is actually involved in one or more of the following processes or activities connected with proceeds of crime, namely:-

(a)	-	concealment; or
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