Section 3. Offence of money-laundering

CHAPTER II OFFENCE OF MONEY-LAUNDERING 3. Offence of money-laundering.— Whosoever directly or indirectly attempts to indulge or knowingly assists or knowingly is a party or is actually involved in any process or activity connected with the[1] [proceeds of crime including its concealment, possession, acquisition or use and projecting or claiming] it as untainted property shall be guilty of offence of money-laundering. 2 — — [ Explanation. For the removal of doubts, it is hereby clarified that, (i) a person shall be guilty of offence of money-laundering if such person is found to have directly or indirectly attempted to indulge or knowingly assisted or knowingly is a party or is actually involved in one or more of the following processes or activities connected with proceeds of crime, — namely: - (a) concealment; or (b) possession; or - (c) acquisition; or - (d) use; or - (e) projecting as untainted property; or - (f) claiming as untainted property, in any manner whatsoever; (ii) the process or activity connected with proceeds of crime is a continuing activity and continues till such time a person is directly or indirectly enjoying the proceeds of crime by its concealment or possession or acquisition or use or projecting it as untainted property or claiming it as untainted property in any manner whatsoever.] 3. PARAGRAPH 27 omitted by s. 2 and Schedule, ibid ., (w.e.f. 13-8-2024). PARAGRAPH 28 OFFENCES UNDER THE SUPPRESSION OF UNLAWFUL, ACTS AGAINST SAFETY OF MARITIME NAVIGATION AND FIXED PLATFORMS ON CONTINENTAL SHELF ACT, 2002 (69 OF 2002) |OFMARITI|MENAVIGATION ANDFIXEDPLATFORMS ON<br>CONTINENTALSHELFACT, 2002<br>(69OF2002)|MENAVIGATION ANDFIXEDPLATFORMS ON<br>CONTINENTALSHELFACT, 2002<br>(69OF2002)|MENAVIGATION ANDFIXEDPLATFORMS ON<br>CONTINENTALSHELFACT, 2002<br>(69OF2002)|MENAVIGATION ANDFIXEDPLATFORMS ON<br>CONTINENTALSHELFACT, 2002<br>(69OF2002)|MENAVIGATION ANDFIXEDPLATFORMS ON<br>CONTINENTALSHELFACT, 2002<br>(69OF2002)|MENAVIGATION ANDFIXEDPLATFORMS ON<br>CONTINENTALSHELFACT, 2002<br>(69OF2002)| |---|---|---|---|---|---|---| |Section<br>3<br>Offences|Descriptionofoffence<br>against ship, fixed platform, cargo of a ship, maritime navigational|||||| |facilities,|etc.]|||||| 1[PARAGRAPH 29 OFFENCE UNDER THE COMPANIES ACT, 2013 (18 OF 2013) Section Description of offence 447 Punishment for fraud] 2[PART B OFFENCE UNDER THE CUSTOMS ACT, 1962 (52 OF 1962) ||OF|FENCE UNDER THECUSTOMSACT, 1962<br>(52OF1962)| |---|---|---| |Section||Description of offence| |132|False|declaration, false documents, etc.]| 3[PART C An offence which is the offence of cross border implications and is specified in, — (1) Part A; or 4* * * * * (3) the offences against property under Chapter XVII of the Indian Penal Code (45 of 1860).] 5[(4) The offence of wilful attempt to evade any tax, penalty or interest referred to in section 51 of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 (22 of 2015).] 1. Ins. by Act 13 of 2018, s. 208 (w.e.f. 19-4-2018). 3. Ins. by Act 20 of 2015, s. 151 (w.e.f. 14-5-2015). 4. Ins. by Act 21 of 2009, s. 13 (w.e.f. 1-6-2009).