Money laundering—proceeds of crime
193B Money laundering—proceeds of crime
A person who deals with proceeds of crime—
knowing that it is proceeds of crime, and
intending to conceal that it is proceeds of crime,
is guilty of an offence.
Maximum penalty—imprisonment for 20 years.
A person who deals with proceeds of crime knowing that it is proceeds of crime is guilty of an offence.
Maximum penalty—imprisonment for 15 years.
A person who deals with proceeds of crime being reckless as to whether it is proceeds of crime is guilty of an offence.
Maximum penalty—imprisonment for 10 years.
It is a defence to a prosecution for an offence under this section if the defendant satisfies the court that the defendant dealt with the proceeds of crime to assist the enforcement of a law of the Commonwealth, a State or a Territory.
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