https://www.taxtmi.com/article/detailed?id=10280 PMLA is a special, self-contained statute whose provisions, notably Section 71, have an overriding effect over other laws; Section 65 makes Cr.P.C. applicable only where not inconsistent. Arrests are governed by Section 19 which requires specified officers to have material based reasons to believe (recorded in writing), inform detained persons of the grounds, forward material to the Adjudicating Authority confidentially and produce the arrested person before a magistrate within the prescribed period. PMLA also empowers provisional attachment and confiscation of proceeds of crime and, where necessary, attachment of alternative assets of equivalent value, with the onus on the objector to prove lack of taint. en-us Sat, 19 Feb 2022 14:54:03 +0530 Mon, 21 Feb 2022 10:13:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10280 PMLA is a special, self-contained statute whose provisions, notably Section 71, have an overriding effect over other laws; Section 65 makes Cr.P.C. applicable only where not inconsistent. Arrests are governed by Section 19 which requires specified officers to have material based reasons to believe (recorded in writing), inform detained persons of the grounds, forward material to the Adjudicating Authority confidentially and produce the arrested person before a magistrate within the prescribed period. PMLA also empowers provisional attachment and confiscation of proceeds of crime and, where necessary, attachment of alternative assets of equivalent value, with the onus on the objector to prove lack of taint. Articles FEMA - Foreign Exchange Management Sat, 19 Feb 2022 14:54:03 +0530 https://www.taxtmi.com/article/detailed?id=10280