MONEY LAUNDERING

Money laundering is defined as the offence of intentionally committing one or more of the following acts:
– the conversion or transfer of property, by any person who knows or ought to have known that such property is derived from a crime or offence or from an act of participation in a crime or offence, as defined by the national legislation of the Member States, or from an act of participation in such a crime or offence, for the purpose of concealing or disguising the illicit origin of the property or of helping any person implicated in the commission of such a crime or offence to evade the legal consequences of his actions;
– the concealment or disguise of the true nature, source, location, disposition, movement or ownership of property or of rights pertaining thereto by any person who knows or ought to have known that such property is derived from a crime or offence or from an act of participation in a crime or offence, as defined by the national legislation of the Member States, or from an act of participation in a crime or offence ;
– the acquisition, possession or use of goods which the person concerned knows or ought to have known, at the time of receipt of the goods, were derived from a crime or offence, as defined by the national legislation of the Member States, or from participation in a crime or offence;
– participation in, association to commit, attempt to commit, aiding, abetting or counselling the commission of any of the above acts.
There is money laundering, even if this act is committed by the perpetrator of the offence that procured the assets to be laundered. There is also money laundering, even if the activities from which the assets to be laundered originate are carried out in the territory of another member state or a third country.