Bona fide disclosure requirements govern under-reporting penalties, and post-penalty immunity applications cannot secure available statutory protectio...
Certificate-of-origin verification procedure governs preferential customs benefits; denial without retroactive verification was set aside with consequ...
Disciplinary Committee jurisdiction and mandatory investigation requirements invalidated cancellation of an insolvency professional's registration and...
Retention of seized property survives where recorded reasons support proceeds of crime, while stayed investigation periods are excluded from limitatio...
Under the Prevention of Money Laundering Act, "proceeds of crime" may include property of equivalent value where property directly derived from scheduled criminal activity is unavailable or untraceable. Accordingly, property acquired before the relevant crime period may be attached as equivalent-value property. The notes state that the statutory burden lies on the person claiming lawful acquisition to substantiate the source of attached property and loan repayments. Explanations concerning cash deposits, bank credits and transfers must establish both their source and utilisation. On these stated grounds, the provisional attachment was confirmed.
Under the Prevention of Money Laundering Act, "proceeds of crime" may include property of equivalent value where property directly derived from scheduled criminal activity is unavailable or untraceable. Accordingly, property acquired before the relevant crime period may be attached as equivalent-value property. The notes state that the statutory burden lies on the person claiming lawful acquisition to substantiate the source of attached property and loan repayments. Explanations concerning cash deposits, bank credits and transfers must establish both their source and utilisation. On these stated grounds, the provisional attachment was confirmed.
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