Criminal Asset Recovery Order, 2012 · s 3

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3.
Money laundering offences
( 1)
A person commits the offence of money laundering if the person
{a}
engages, directly, or indirectly in a transaction that involves money, or property, that is the proceeds of crime;
(b)
acquires, receives, converts, exchanges, carries, possesses, conceals, uses, disposes of, remove from or brings into Brunei
Darussalam any money, or property that are proceeds of crime;
{c)
converts or transfers money or property derived directly or indirectly from a serious offence, with the aim of concealing or disguising the illicit origin of that money or property, or of aiding any person involved in the commission of the offence to evade the legal consequences thereof;
{d)
conceals or disguises the true nature, origin, location, disposition, movement, title of, rights with respect to or ownership of the property derived directly or indirectly by the commission of a serious offence; or
{e)
renders assistance to a person falling within paragraph {a), {b), {c)
or {d), ana the person knows or has reasonable grounds to believe or suspect that it is derived or realised directly or indirectly from the commission of an unlawful activity or fails to take reasonable steps to ascertain whether or not the property is proceeds of crime, is liable on conviction to a fine not exceeding $500,000, imprisonment for a term not exceeding 10 years or both, and in the case of a body corporate to a fine not exceeding $1,000,000.
(2)
For the avoidance of doubt, the offence of money laundering is not predicated on proof of the commission of a serious offence.

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s 3Money laundering offences

( 1)

A person commits the offence of money laundering if the person

{a}

engages, directly, or indirectly in a transaction that involves money, or property, that is the proceeds of crime;

(b)

acquires, receives, converts, exchanges, carries, possesses, conceals, uses, disposes of, remove from or brings into Brunei

Darussalam any money, or property that are proceeds of crime;

{c)

converts or transfers money or property derived directly or indirectly from a serious offence, with the aim of concealing or disguising the illicit origin of that money or property, or of aiding any person involved in the commission of the offence to evade the legal consequences thereof;

{d)

conceals or disguises the true nature, origin, location, disposition, movement, title of, rights with respect to or ownership of the property derived directly or indirectly by the commission of a serious offence; or

{e)

renders assistance to a person falling within paragraph {a), {b), {c)

or {d), ana the person knows or has reasonable grounds to believe or suspect that it is derived or realised directly or indirectly from the commission of an unlawful activity or fails to take reasonable steps to ascertain whether or not the property is proceeds of crime, is liable on conviction to a fine not exceeding $500,000, imprisonment for a term not exceeding 10 years or both, and in the case of a body corporate to a fine not exceeding $1,000,000.

(2)

For the avoidance of doubt, the offence of money laundering is not predicated on proof of the commission of a serious offence.