https://www.taxtmi.com/acts?id=23013 The offence of money laundering attracts mandatory rigorous imprisonment with a prescribed minimum term, exposure to a statutory maximum term, and liability to a fine (specific fine provision omitted). If the proceeds relate to predicate offences specified in the Schedule, the statute provides for an increased maximum imprisonment by statutory substitution, creating an elevated penalty tier linked to the underlying scheduled offence. en-us Wed, 16 Nov 2016 10:08:32 +0530 Wed, 16 Nov 2016 13:18:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=23013 The offence of money laundering attracts mandatory rigorous imprisonment with a prescribed minimum term, exposure to a statutory maximum term, and liability to a fine (specific fine provision omitted). If the proceeds relate to predicate offences specified in the Schedule, the statute provides for an increased maximum imprisonment by statutory substitution, creating an elevated penalty tier linked to the underlying scheduled offence. Act-Rules Money Laundering Wed, 16 Nov 2016 10:08:32 +0530 https://www.taxtmi.com/acts?id=23013