Definitions clarify scope of money laundering rules, fixing meanings for Act, attachment, adjudicating authority and procedural references. Definitions set out that 'Act' means the Prevention of Money Laundering Act; 'Adjudicating Authority' and 'Administrator' refer to officers appointed ... Summary
Definitions clarify scope of money laundering rules, fixing meanings for Act, attachment, adjudicating authority and procedural references.
Definitions set out that 'Act' means the Prevention of Money Laundering Act; 'Adjudicating Authority' and 'Administrator' refer to officers appointed under the Act; 'attachment' denotes prohibition on transfer, conversion, disposition or movement of property; 'Form' means the appended forms; 'order' means an order of the Adjudicating Authority; and undefined words used in the rules bear the meanings assigned to them in the Act.
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