Offence of money laundering

Offence of Money Laundering

A person shall be guilty of offence of money laundering, if the person:—

(a)      acquires,   converts,   possesses,   uses   or   transfers   property, knowing  or  having  reason  to  believe  that  such  property  is proceeds of crime;

(b)      conceals   or   disguises   the   true   nature,   origin,   location, disposition, movement or ownership of property, knowing or
having reason to believe that such property is proceeds of crime;

(c)      holds or possesses on behalf of any other person any property knowing  or  having  reason  to  believe  that  such  property  is proceeds of crime; or

(d)       participates in, associates, conspires to commit, attempts to commit, aids, abets, facilitates, or counsels the commission of the acts specified in clauses (a), (b) and (c).

Explanation-I.— The knowledge, intent or purpose required as an element of an offence set forth in this section may be inferred from factual  circumstances  in  accordance  with  the  Qanun-e-Shahadat Order, 1984 (P.O. 10 of 1984).

Explanation II.- For the purposes of proving an offence under this section, the conviction of an accused for the respective predicate offence shall not be required.

Anti Money Laundering Training

Anti Money Laundering Training / Financial Crime training is available in Lahore, Islamabad, Karachi Pakistan as “online live training” or “onsite live training”.

This training on Anti Money Laundering in Lahore will cover different types of anti money laundering schemes and will equip participants in knowing how to analyze them and how to identify leads.

This training on Anti Money Laundering in Lahore, Islamabad, Karachi, Faisalabad is also available as inhouse training option for companies all over Pakistan.

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