CAF-4 · Chapter 15 · Question 9 of 9
Under the Anti-Money Laundering Act, a person commits an offence if they hold or possess property on behalf of another, knowing what?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) Knowing or having reason to believe that such property is proceeds of crime.
Explanation
It is an explicit offence if a person acquires, converts, or possesses property knowing, or having reason to believe, that the property is derived from the proceeds of crime.
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