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Proceeds of Crime (Amendment) Act 2014

REPUBLIC OF VANUATU
PROCEEDS OF CRIME (AMENDMENT) ACT NO. 27 OF 2014

Arrangement of Sections

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REPUBLIC OF VANUATU
Assent: 19/12/2014
Commencement: 02/01/2015
PROCEEDS OF CRIME (AMENDMENT) ACT NO. 27 OF 2014

An Act to amend the Proceeds of Crime Act [CAP 284].

Be it enacted by the President and Parliament as follows-

1 Amendment
The Proceeds of Crime Act [CAP 284] is amended as set out in the Schedule.

2 Commencement
This Act commences on the day on which it is published in the Gazette.

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SCHEDULE
AMENDMENTS OF THE PROCEEDS OF CRIME ACT [CAP 284]

1 Subsection 2(1) (definition of “serious offence”)
Repeal the definition, substitute

‘“serious offence” means an offence against a:

(a) law of Vanuatu for which the penalty is a fine not less than VT40,000 or imprisonment for a term of not more than 12 months; or

(b) law of Vanuatu or of another country that, if the relevant act or omission had occurred in Vanuatu, would be an offence against the law of Vanuatu for which the proceeds, property or benefit of that offence is VT3 million or more, or its equivalent in foreign currency.”

2 At the end of section 11
Add

“(6) Knowledge, intent or purpose required as an element of an offence in subsection (3) may be inferred by objective factual circumstances.”

3 Subsection 15(1)
Delete “committed after this Act commences”