[2001.] Criminal Justice (Theft and Fraud Offences) Act, 2001. [No. 50.] (a) converts, transfers or handles the property, or removes Pt.3 S.21 it from the State, with the intention of— (i) concealing or disguising its true nature, source, location, disposition, movement or ownership or any rights with respect to it, or (ii) assisting another person to avoid prosecution for the criminal conduct concerned, or (iii) avoiding the making of a confiscation order or a confiscation co-operation order (within the meaning of section 46 of this Act) or frustrating its enforcement against that person or another person, (b) conceals or disguises its true nature, source, location, disposition, movement or ownership or any rights with respect to it, or (c) acquires, possesses or uses the property. (2) A person guilty of money laundering is liable— (a) on summary conviction, to a fine not exceeding £1,500 or to imprisonment for a term not exceeding 12 months or to both, or (b) on conviction on indictment, to a fine or to imprisonment for a term not exceeding 14 years or to both. (3) Where a person— (a) converts, transfers, handles or removes from the State any property which is or represents the proceeds of criminal conduct, (b) conceals or disguises its true nature, source, location, disposition, movement or ownership or any rights with respect to it, or (c) acquires, possesses or uses it, in such circumstances that it is reasonable to conclude that the person— (i) knew or believed that the property was or represented the proceeds of criminal conduct, or (ii) was reckless as to whether it was or represented such proceeds, the person shall be taken to have so known or believed or to have been so reckless, unless the court or jury, as the case may be, is satisfied having regard to all the evidence that there is a reasonable doubt as to whether the person so knew or believed or was so reckless. (4) Where a person first referred to in subsection (1) of this section does an act referred to in paragraph (a) of that subsection in such circumstances that it is reasonable to conclude that the act was done with an intention specified in that paragraph, 19