https://www.taxtmi.com/article/detailed?id=10373 PMLA provides a specialised, schedule based regime for prevention of money laundering with written reason provisional attachment powers (Section 5), time bound attachment subject to adjudication (Section 8), and an expanded definition of proceeds of crime allowing attachment of foreign assets or their domestic equivalents; across statutes the burden to prove lawful acquisition lies on the affected person, notice and hearing are required, and ultimate confiscation follows adjudicatory confirmation. en-us Mon, 02 May 2022 12:59:09 +0530 Mon, 02 May 2022 12:59:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10373 PMLA provides a specialised, schedule based regime for prevention of money laundering with written reason provisional attachment powers (Section 5), time bound attachment subject to adjudication (Section 8), and an expanded definition of proceeds of crime allowing attachment of foreign assets or their domestic equivalents; across statutes the burden to prove lawful acquisition lies on the affected person, notice and hearing are required, and ultimate confiscation follows adjudicatory confirmation. Articles Other Topics Mon, 02 May 2022 12:59:09 +0530 https://www.taxtmi.com/article/detailed?id=10373