https://www.taxtmi.com/caselaws?id=440447 Money-laundering under Section 3 of the Prevention of Money-Laundering Act is treated as an independent offence covering concealment, possession, acquisition, use, or projecting proceeds of crime as untainted property. The timing of the predicate offence does not by itself defeat prosecution where the proceeds are dealt with after the offence has been notified as scheduled. The monetary threshold is relevant only for offences in Part B of the Schedule and not for the offences discussed here. Rule 3 of the Prevention of Money-laundering (Maintenance of Records) Rules, 2005 governs record-keeping by reporting entities and does not determine whether an accused must face trial under Section 3. en-us Tue, 04 Jul 2023 00:00:00 +0530 Wed, 19 Jul 2023 09:00:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440447 Money-laundering under Section 3 of the Prevention of Money-Laundering Act is treated as an independent offence covering concealment, possession, acquisition, use, or projecting proceeds of crime as untainted property. The timing of the predicate offence does not by itself defeat prosecution where the proceeds are dealt with after the offence has been notified as scheduled. The monetary threshold is relevant only for offences in Part B of the Schedule and not for the offences discussed here. Rule 3 of the Prevention of Money-laundering (Maintenance of Records) Rules, 2005 governs record-keeping by reporting entities and does not determine whether an accused must face trial under Section 3. Case-Laws Money Laundering Tue, 04 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440447