Section 17: Retention of proceeds of a criminal conduct.

A person who-(a) whether by concealment, removal from jurisdiction, transfers to nominees or otherwise retains the control of the proceeds of an economic or financial crimes on behalf of another person knowing that the proceeds are as a result of criminal conduct by the principal; or
(b) knowing that any property in whole or in part, directly or indirectly representing another person's proceeds of an economic or financial crime, acquires or uses that property or has possession of it, commits an offence and is liable on conviction to imprisonment for a term not less than 3 years or to a fine equivalent to 100 per cent of the value of the proceeds of the economic or financial crime or to both such imprisonment and fine.