(1) A person commits an offence if -
(a) the person engages in any of the following acts in relation to property that is the proceeds of criminal conduct:
(i) concealing or disguising the true nature, source, location, disposition, movement or ownership of the property, or any rights relating to the property;
(ii) converting, transferring, handling, acquiring, possessing or using the property;
(iii) removing the property from, or bringing the property into, the State,
(b) the person knows or believes (or is reckless as to whether or not) the property is the proceeds of criminal conduct.
(2) A person who attempts to commit an offence under subsection (1) commits an offence.
(3) A person who commits an offence under this section is liable -
(a) on summary conviction, to a fine not exceeding €5,000 or imprisonment for a term not exceeding 12 months (or both), or
(b) on conviction on indictment, to a fine or imprisonment for a term not exceeding 14 years (or both).
(4) A reference in