Money Laundering

Money laundering refers to the concealment of the identity of the illegally obtained money, so that it appears to have come from a legitimate source. The Offence is accommodated by the Anti-Money Laundering Act “AMLA”. Section 12 of the AMLA is a criminalizing provision of Money Laundering with respect to proceeds of predicate offence. The Section provides several modes (actus reus) of committing money laundering offence which include engagement, concealment, transfer, conversion, transmission and transportation. For the offence of money laundering under Section 12 of the AMLA to be proved, the prosecution need not necessarily prove the process of laundering the money so to speak that is placement, layering and integration. It suffices to prove that the suspect dealt with the proceeds of a predicate offence by engaging in a transaction involving such proceeds”. 

The money laundering offence is committed under Section 12 (of the Anti-Money Laundering Act) when a person involves himself in any of the acts stated under paragraph (a) – (e) of that Section.