Money Laundering and Proceeds of Crime Act Act No. 4/2013 (b) the competent supervisory authority concerned, in the case of a civil penalty imposed and collected or recovered by that authority. CHAPTER II MONEY-LAUNDERING AND TERRORIST FINANCING PART I MONEY-LAUNDERING AND TERRORIST FINANCING OFFENCES 7 Interpretation in Part I of Chapter II (1) In this Part— “funds or other assets” means financial assets, property of every kind, whether tangible or intangible, moveable or immovable, however acquired, and legal documents or instruments in any form, including electronic or digital, evidencing title to, or interest in, such funds or other assets, including, but not limited to, bank credits, travellers cheques, bank cheques, money orders, shares, securities, bonds, drafts or letters of credit, and any interest, dividends or other income on or value accruing from or generated by such funds or other assets; 8 Money laundering offences (1) Any person who converts or transfers property— (a) knowing, believing or suspecting that it is the proceeds of crime; and (b) for the purpose of concealing or disguising the illicit origin of such property, or of assisting any person who is involved in the commission of a serious offence to evade the legal consequences of his or her acts or omission; commits an offence. (2) Any person who conceals or disguises the true nature, source, location, disposition, movement or ownership of or rights with respect to property, knowing or suspecting that such property is the proceeds of crime, commits an offence. (3) Any person who acquires, uses or possesses property knowing or suspecting at the time of receipt that such property is the proceeds of crime, commits an offence. (4) Participation in, association with or conspiracy to commit, an attempt to commit, and aiding, abetting, facilitating and counselling the commission of any of the offences referred to in subsections (1), (2) and (3) is also an offence. (5) Knowledge, suspicion, intent or purpose required as elements of an offence referred to in subsections (1), (2), (3) and (4) may be inferred from objective factual circumstances. (6) In order to prove that property is the proceeds of crime, it is not necessary for there to be a conviction for the offence that has generated the proceeds, or for there be a showing of a specific offence rather than some kind of criminal activity, or that a particular person committed the offence. (7) For the purposes of this section, “proceeds of crime” includes proceeds of an offence committed outside Zimbabwe if the conduct constitutes an offence in the State or territory where the conduct occurred and would have constituted an offence if committed within Zimbabwe. (8) The offences referred to in subsections (1), (2), (3) and (4) shall be punishable— (a) by a fine not exceeding level fourteen or not exceeding twice the value of the property that forms the subject of the charge, whichever is greater; or (b) by imprisonment for a period not exceeding twenty-five years; or (c) both such fine and such imprisonment; - 16 -