Tag: proceeds of crime

Attachment of Property under PMLA and bonafide third party claim – High Court explain the law and Prerequisites for a valid claim   ABCAUS Case Law Citation: ABCAUS 2858 (2019) (04) HC In the instant case law, several appeals had been filed under Section 42 of the Prevention …

PMLA-Property held outside country, amended provisions effective from 19th April, 2018 The Finance Act has made an important amendment in the definition of “proceeds of crime” as appearing in Prevention of Money Laundering Act, 2002. Previously, the definition was amended in 2015 to include “property equivalent held within …