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Article 31 — Money Laundering and Proceeds of Crime

  1. A person commits money laundering who, knowing or having reasonable grounds to suspect that property is derived from criminal conduct, does any of the following:
    1. Conceals, disguises, converts, or transfers the property.
    2. Acquires, possesses, or uses the property.
    3. Structures transactions or arrangements for the purpose of avoiding detection or evading any reporting obligation imposed by law.
  2. For the purposes of this Article, "criminal conduct" means conduct that constitutes an offence under this Code or under the law of the jurisdiction where the conduct occurred.
  3. Money laundering is classified as a grave offence.
  4. The sanctions applicable to money laundering are:
    1. A fine of $50,000 to $500,000 in accordance with Article 12.
    2. Public censure.
    3. Mandatory forfeiture of the property concerned and of any proceeds derived from it.
    4. Exclusion from State services for a period determined by the competent authority.
  5. A conviction under this Article constitutes a conviction for "dishonesty" within the meaning of Article 13(4)(d) of the Civil Code and bars the convicted person from appointment as guardian.
  6. The prescription period for offences under this Article is governed by Article 14.