Appellate Tribunal designation for money laundering appeals clarifies the tribunal to hear statutory appeals and replaces prior establishment procedure. Section 25 identifies the Appellate Tribunal constituted under the Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act, 1976 as the ... Summary
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Appellate Tribunal designation for money laundering appeals clarifies the tribunal to hear statutory appeals and replaces prior establishment procedure.
Section 25 identifies the Appellate Tribunal constituted under the Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act, 1976 as the Appellate Tribunal for hearing appeals against orders of the Adjudicating Authority and other authorities under the Prevention of Money Laundering Act, replacing the prior provision that required the Central Government to establish an Appellate Tribunal by notification.
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