Proceeds of Crime (Amendment) Act 2005 (No. 4 of 2005)
Summary
Amends the Proceeds of Crime Act 2003, mainly correcting cross-references and filling blank amounts. Section 4 changes the knowledge test for money laundering in s. 12(3)(a) from 'ought reasonably to know' to 'has reasonable grounds to believe', s. 8 resets the s. 100 penalty, and s. 3 corrects the Unit's title to Financial Intelligence Unit. Passed on 14 June 2005.
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