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of <h1>Section 60 of the Prevention of Money-Laundering Act: Guidelines for Seizure and Confiscation of Property Across Borders</h1> Section 60 of the Prevention of Money-Laundering Act, 2002, outlines the procedures for the attachment, seizure, and confiscation of property in India or a contracting State. When the Director, Adjudicating Authority, or Special Court issues an order concerning property suspected to be in a contracting State, a letter of request can be sent for its execution. Conversely, if a contracting State requests action on property in India, the Central Government may direct the execution. Upon conclusion of foreign trials confirming money laundering, the Special Court can order confiscation. The Act's provisions apply to inquiries, investigations, and execution of such requests. Confiscated property may be returned or disposed of with compensation to the requesting State.
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