What is money laundering?

Money laundering is the conversion or transfer of assets by any person knowing that such assets are the proceeds of criminal activity.

It can also involve participation in any activity designed to conceal the illicit origin of assets or to help anyone involved in such activity to avoid the legal consequences of their actions.

Furthermore, the dissimulation of the nature, location or alienation, transfer or ownership of property or other rights pertaining thereto by anyone who knows that such property is of criminal origin.

All these acts are punishable by law!