Proceeds of Crime Act, 1996 (Act No. 76 of 1996)Chapter 5 : Offences28. Money laundering |
Any person who, knowing or having reasonable grounds to believe that property is or forms part of the proceeds of crime—
| (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 its ownership or any interest which anyone may have in respect thereof; or |
| (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.