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Section 3
Assets should not be laundered

(1) No person shall do or cause to be done any of the following acts:- (a) knowing or having reasonable grounds to believe that the property is the proceeds of crime for the purpose of concealing or concealing the illicit origin of property (illicit origin) or for the purpose of assisting a person involved in the crime to avoid legal action; Converting or transferring such property in any way, (b) knowing or having reasonable grounds to believe that it is property obtained by mistake, the exact nature, source, location, nature (disposition), transaction (movement) of such property, Conceals, deceives or alters the ownership or rights over such property, or (c) acquires, uses or holds such property knowing or having reasonable grounds to believe that it is property obtained by wrongdoing. (2) Any person under sub-section (1) ) shall not conspire, aid, encourage, facilitate, advise or attempt any act, or show affiliation or participation or be an accomplice. .