43. Concealing or transferring benefits of drug trafficking
Feedback & supportAny person who —
conceals or disguises any property which is, or in whole or in part, directly or indirectly, represents, his benefits of drug trafficking; or
converts or transfers that property or removes it from the jurisdiction,for the purpose of avoiding prosecution for a drug trafficking offence or the making or enforcement in his case of a confiscation order shall be guilty of an offence.
Any person who, knowing that any property is, or in whole or in part, directly or indirectly, represents, another person’s benefits of drug trafficking —
property
“property” means money and all other property, movable or immovable, including things in action and other intangible or incorporeal property;
conceals or disguises that property; or
converts or transfers that property or removes it from the jurisdiction,for the purpose of assisting any person to avoid prosecution for a drug trafficking offence or the making or enforcement of a confiscation order shall be guilty of an offence.
Any person who, knowing that any property is, or in whole or in part directly or indirectly represents, another person’s benefits of drug trafficking, acquires that property for no, or inadequate consideration shall be guilty of an offence.
drug trafficking
“drug trafficking” means doing or being concerned in, whether in Singapore or elsewhere, any act constituting —(a)an offence specified in the Schedule (other than an offence under section 41 or 43); or(b)a foreign offence punishable under a corresponding law,and includes entering into or being otherwise concerned in, whether in Singapore or elsewhere, an arrangement whereby —(i)the retention or control by or on behalf of another person of that other person’s benefits of drug trafficking is facilitated; or(ii)the benefits of drug trafficking by another person are used to secure funds that are placed at that other person’s disposal or are used for that other person’s benefit to acquire property by way of investment;
In subsections (1)(a) and (2)(a), references to concealing or disguising any property include references to concealing or disguising its nature, source, location, disposition, movement or ownership or any rights with respect to it.
For the purposes of subsection (3), consideration given for any property is inadequate if its value is significantly less than the market value of that property, and there shall not be treated as consideration the provision for any person of services or goods which are of assistance to him in drug trafficking.
Any person who commits an offence under this section shall be liable on conviction to a fine not exceeding $100,000 or to imprisonment for a term not exceeding 7 years or to both.