Laundering of proceeds of crime

According to article 23 of UNCAC, 'laundering of proceeds of crime' constitutes a criminal offence, when committed intentionally, that prohibits:

• (1) (a) the conversion or transfer of property, knowing that such property is the proceeds of crime, for the purpose of concealing or disguising the illicit origin of the property or of helping any person who is involved in the commission of the predicate offence to evade the legal consequences of his or her action;
• (b) the concealment or disguise of the true nature, source, location, disposition, movement or ownership of or rights with respect to property, knowing that such property is the proceeds of crime;

(2) Subject to the basic concepts of its legal system:

• (a) the acquisition, possession or use of property, knowing, at the time of receipt, that such property is the proceeds of crime;
• (b) participation in, association with or conspiracy to commit, attempts to commit and aiding, abetting, facilitating and counselling the commission of any of the offences established in accordance with this article.