Title: What Is The Penalty For Tipping Off Money Laundering? | DBT
Headings: What Is The Penalty For Tipping Off Money Laundering?
What Is The Penalty For Tipping Off Money Laundering?
What Is Money Laundering?
Money Laundering Penalties And The Maximum Penalty For Assisting A Money Launderer
What Defines Tipping Off A Money Launderer?
What Is The Penalty For Tipping Off A Money Launderer?
Proceeds Of Crime Act 2002
I’ve Been Accused Of Assisting Or Tipping Off Money Laundering – What Do I Do?

Content: What Is Money Laundering? The Cambridge English Dictionary defines money laundering as “the crime of moving money that has been obtained illegally through banks and other businesses to make it seem as if the money has been obtained legally”. Money Laundering Penalties And The Maximum Penalty For Assisting A Money Launderer
Any money laundering sentence – whether it be passed down to the perpetrator of the crime itself or to any individuals assisting said perpetrator – can consist of up to 14 years’ jail time, depending on the severity of the crime and the circumstances under which it was committed. You can reduce the likelihood of receiving a harsh sentence by informing the police of any suspicious activity that you may know of regarding finances, as failure to report money laundering will be considered aiding and abetting serious criminal activity. If this considerable jail sentence is not passed down, sizeable anti money laundering fines may be put in place alongside a shorter custodial sentence or a community order. Again, this depends on the nature of the offence. What Defines Tipping Off A Money Launderer? The Proceeds of Crime Act: Section 33A defines tipping off offences as: 1) A person commits an offence if –
a) the person discloses any matter within subsection (2);