Compounding Authority jurisdiction curtailed: serious contraventions suspected of money laundering or terror financing must be remitted for adjudication. The amendment adds a proviso that when the Enforcement Directorate considers a proceeding under rule 4 to involve a serious contravention suspected of money laundering, terror financing, or affecting sovereignty and integrity, the Compounding Authority shall not proceed and must remit the case to the appropriate Adjudicating Authority for adjudication of the contravention.
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Provisions expressly mentioned in the judgment/order text.
Compounding Authority jurisdiction curtailed: serious contraventions suspected of money laundering or terror financing must be remitted for adjudication.
The amendment adds a proviso that when the Enforcement Directorate considers a proceeding under rule 4 to involve a serious contravention suspected of money laundering, terror financing, or affecting sovereignty and integrity, the Compounding Authority shall not proceed and must remit the case to the appropriate Adjudicating Authority for adjudication of the contravention.
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