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Prevention of Organised Crime Act, 1998 (Act No. 121 of 1998)

Chapter 3 : Offences relating to Proceeds of Unlawful Activities

4. Money laundering


Any person who knows or ought reasonably to have known that property is or forms part of the proceeds of unlawful activities and—

(a) enters into any agreement or engages in any arrangement or transaction with anyone in connection with that property, whether such agreement, arrangement or transaction is legally enforceable or not; or
(b) performs any other act in connection with such property, whether it is performed independently or in concert with any other person,

which has or is likely to have the effect—

(i) of concealing or disguising the nature, source, location, disposition or movement of the said property or the ownership thereof or any interest which anyone may have in respect thereof; or

[Section 4(b)(i) amended by section 6(b) of Act No. 24 of 1999]

(ii) of enabling or assisting any person who has committed or commits an offence, whether in the Republic or elsewhere—
(aa) to avoid prosecution; or
(bb) to remove or diminish any property acquired directly, or indirectly, as a result of the commission of an offence,

shall be guilty of an offence.