Bare ActsThe Prevention of Money-Laundering Act, 2002

Section 23

Presumption in inter-connected transactions.

Amendment status not verified — confirm the current text below against the official source.

Where money-laundering involves two or more inter-connected transactions and one or more such transactions is or are proved to be involved in money-laundering, then for the purposes of adjudication or confiscation 1 [under section 8 or for the trial of the money-laundering offence, it shall unless otherwise proved to the satisfaction of the Adjudicating Authority or the Special Court], be presumed that the remaining transactions from part of such interconnected transactions.

Amended up to 2019-03-25View on India Code →
Section 23 – The Prevention of Money-Laundering Act, 2002 | DailyLaw.ai