The Prevention of Money-Laundering Bill, 1999
3. Offence of money-laundering
Whoever-
(a) Acquires, owns, possesses or transfer any proceeds of crime; or
(b) Knowingly enters into any transaction which is related to proceeds of crime either directly or indirectly; or
(c) Conceals or aids in the concealment of the proceeds of crime, commits the offence of money-laundering.
The Prevention of Money-Laundering Bill, 1999