Chapter IX - Reciprocal Arrangement for Assistance in Certain Matters and Procedure for Attachment and Confiscation of Property (From Section 55 to Section 61)
Prevention of Money-Laundering Act, 2002 Chapter IX Reciprocal Arrangement for Assistance in Certain Matters and Procedure for Attachment and Confiscation of Property
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Money laundering definitions clarify contracting state, identifying tainted property and tracing its source for attachment and confiscation. Chapter IX defines key terms for international and procedural cooperation under the Prevention of Money Laundering Act, 2002: 'contracting State' means any foreign country or place with which the Central Government has arrangements by treaty or otherwise; 'identifying' means establishing proof that property was derived from or used in commission of an offence under section 3; and 'tracing' means determining the nature, source, disposition, movement, title or ownership of property.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Money laundering definitions clarify contracting state, identifying tainted property and tracing its source for attachment and confiscation.
Chapter IX defines key terms for international and procedural cooperation under the Prevention of Money Laundering Act, 2002: "contracting State" means any foreign country or place with which the Central Government has arrangements by treaty or otherwise; "identifying" means establishing proof that property was derived from or used in commission of an offence under section 3; and "tracing" means determining the nature, source, disposition, movement, title or ownership of property.
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