2. Interpretation

“criminal conduct” means doing or being concerned in, whether in Singapore or elsewhere, any act constituting a serious offence or a foreign serious offence;

47AA. Possessing or using property reasonably suspected to be benefits from drug dealing, etc.

(1) Any person who possesses or uses any property that may be reasonably suspected of being, or of in whole, directly or indirectly, representing, any benefits of drug dealing or benefits from criminal conduct shall, if the person fails to account satisfactorily how the person came by the property, be guilty of an offence.

(2) Any person who commits an offence under subsection (1) shall be liable on conviction – (a) if the person is an individual, to a fine not exceeding $150,000 or to imprisonment for a term not exceeding 3 years or to both; or (b) if the person is not an individual, to a fine not exceeding $300,000.