Compounding barred where contraventions are unquantifiable or implicate money laundering, terror financing, or national security concerns. Compounding of foreign exchange contraventions is precluded where the amount is unquantifiable, special statutory provisions apply, the matter is suspected to involve money laundering, terror financing or threats to sovereignty and integrity and therefore should be remitted to the Adjudicating Authority, where a penalty under the Act has already been imposed, or where further investigation by the Directorate of Enforcement is required to ascertain the contravention amount.
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.
Compounding barred where contraventions are unquantifiable or implicate money laundering, terror financing, or national security concerns.
Compounding of foreign exchange contraventions is precluded where the amount is unquantifiable, special statutory provisions apply, the matter is suspected to involve money laundering, terror financing or threats to sovereignty and integrity and therefore should be remitted to the Adjudicating Authority, where a penalty under the Act has already been imposed, or where further investigation by the Directorate of Enforcement is required to ascertain the contravention amount.
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