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of <h1>Section 58B of Money-Laundering Act: Procedure for Property Confiscation if Foreign Trial Stalled by Accused's Death or Other Reasons.</h1> Section 58B of the Prevention of Money-Laundering Act, 2002, addresses the procedure for confiscation or release of property upon a request from a contracting State or authority. If a trial in another country cannot proceed due to the accused's death, being declared a proclaimed offender, or other reasons, the Central Government must forward the request to the Director. The Director will then apply to the Special Court, which will issue orders regarding the property involved in money laundering. This provision was added by the Prevention of Money-laundering (Amendment) Act, 2012, effective from February 15, 2013.
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