Friday, September 6, 2019

Predicate offence not necessary to launch prosecution under Money Laundering Act:

FEMA, BANKING & INSURANCE : Section 3 Prevention of Money Laundering Act, 2002 (PMLA) would disclose that whosoever directly or indirectly, attempts to indulge or knowingly assess or knowingly is a party or is actually involved in any process or activity connected with proceeds of crime including its concealment, possession, acquisition or use and projecting or claiming it as untainted property,

from www.taxmann.com Latest Case Laws https://ift.tt/2ZD5Fnv
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