New South Wales Consolidated Acts

CRIMES ACT 1900 - SECT 193B

193B Money laundering--proceeds of crime

(1) A person who deals with proceeds of crime--

(a) knowing that it is proceeds of crime, and

(b) intending to conceal that it is proceeds of crime,

is guilty of an offence.

: Maximum penalty--imprisonment for 20 years.

(2) 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.

(3) 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.

(4) 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.