notice has been issued to the effect that any money, bullion, jewellery or valuable article or thing, seized or requisitioned under section 132 or section ... Property) Act, 1976 (13 of 1976) or the Prohibition of Benami Property Transactions Act, 1988 (45 of 1988) or the Prevention of Money-laundering Act
Act, 2002 – Special Enactment:-
Money-laundering is the process of concealing illicit sources of money and
the launderer transforming the money proceeds derived from criminal ... adequate safeguards with a view to prevent money-
laundering. The Preamble to the Prevention of Money-Laundering Act, 2002
states that “ An Act to prevent
Section 3 in The Prevention of Money-Laundering Act, 2002
3. Offence of money-laundering.
- Whosoever directly or indirectly attempts to indulge or knowingly assists ... crime and projecting" by Act No. 2 OF 2013] it as untainted property shall be guilty of offence of money-laundering
Money-Laundering Act, 2002
4. Punishment for money-laundering.
- Whoever commits the offence of money-laundering shall be punishable with rigorous imprisonment for a term ... lakh rupees" ommtted by Act No. 2 OF 2013] : Provided that where the proceeds of crime involved in money-laundering relates to any offence specified
Section 5 in The Prevention of Money-Laundering Act, 2002
5. Attachment of property involved in money-laundering.
- [(1) Where the Director or any other ... money laundering is not attached immediately under this Chapter, the non-attachment of the property is likely to frustrate any proceeding under this Act.] [Substituted
Section 45 in The Prevention of Money-Laundering Act, 2002
45. Offences to be cognisable and non-bailable.
(1) [Notwithstanding anything contained in the Code ... with other co-accused of money-laundering a sum of less than one crore rupees] [Inserted by Finance Act, 2018 (Act
Section 2 in The Prevention of Money-Laundering Act, 2002
2. Definitions.
(1) In this Act, unless the context otherwise requires, (a) Adjudicating Authority means ... Act before the commencement of the Prevention of Money-Laundering (Amendment) Act, 2008; (rb) payment system means a system that enables payment to be effected
Indian Trusts Act, 1882; (31) words and expressions used herein and not defined in this Act but defined in the Indian Trusts Act ... Indian Succession Act, 1925, the Indian Partnership Act, 1932, the Income-tax Act, 1961, the Depositories Act, 1996, the Prevention of Money-Laundering Act
such property involved in the money-laundering or which has been used for commission of the offence of money-laundering shall stand confiscated ... finds that the offence of money-laundering has not taken place or the property is not involved in money-laundering, it shall order release
Section 44 in The Prevention of Money-Laundering Act, 2002
44. Offences triable by Special Courts.
(1) Notwithstanding anything contained in the Code of Criminal ... Insertd by Act No. 2 OF 2013] (d) a Special Court while trying the scheduled offence or the offence of money-laundering shall hold trial
