https://www.taxtmi.com/caselaws?id=458134 Provisional attachment under the Prevention of Money Laundering Act is sustainable where the property is shown to be proceeds of crime derived from scheduled offences and the statutory threshold is met. The scheme permits attachment after the offences become covered by the Schedule, even where proceeds arise from repeated transactions over time, and it is not confined to property of a person separately charged with the scheduled offence. The Act treats section 5 attachment as a protective measure followed by post-attachment adjudication, so no pre-decisional hearing is required. Cross-examination is not automatic and depends on a specific, pressed request. Attachment is valid where the authority has material to form reasons to believe. en-us Wed, 01 Jan 2014 00:00:00 +0530 Wed, 09 Oct 2024 12:44:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=458134 Provisional attachment under the Prevention of Money Laundering Act is sustainable where the property is shown to be proceeds of crime derived from scheduled offences and the statutory threshold is met. The scheme permits attachment after the offences become covered by the Schedule, even where proceeds arise from repeated transactions over time, and it is not confined to property of a person separately charged with the scheduled offence. The Act treats section 5 attachment as a protective measure followed by post-attachment adjudication, so no pre-decisional hearing is required. Cross-examination is not automatic and depends on a specific, pressed request. Attachment is valid where the authority has material to form reasons to believe. Case-Laws Money Laundering Wed, 01 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=458134