6. Concealment or disguising of proceeds of crime, etc. to be an offence

Any person who knowing or having reasonable grounds to believe that any property is proceeds of crime, directly or indirectly does any act by himself or with the participation of others, including the carrying out of any transaction or giving advice relating to any act for the purpose of converting, transferring, concealing or disguising –

the origin, true nature, source, location, disposition, movement, ownership, acquisition, possession, use of, or value of such property or part thereof;

the identities of persons who may have committed the unlawful activity which gave rise to such property; or

the identities of persons who possess beneficial interests relating to such property, commits an offence.