https://www.taxtmi.com/caselaws?id=771648 Provisional attachment under the PMLA is treated as dependent on recorded reasons to believe that a person holds proceeds of crime and that those proceeds are likely to be concealed, transferred or otherwise dealt with to frustrate confiscation. The text explains that money-laundering is a continuing offence, so attachment is not barred merely because the underlying acquisition preceded the later scheduled offence notification, and Article 20(1) does not prevent such proceedings. It also notes that where a property is already under a prior judicial attachment, the statutory likelihood of concealment or transfer may not be met for that property, while unexplained income, bank deposits and source of acquisition can support attachment for other properties. en-us Thu, 24 Apr 2025 00:00:00 +0530 Thu, 29 May 2025 08:41:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771648 Provisional attachment under the PMLA is treated as dependent on recorded reasons to believe that a person holds proceeds of crime and that those proceeds are likely to be concealed, transferred or otherwise dealt with to frustrate confiscation. The text explains that money-laundering is a continuing offence, so attachment is not barred merely because the underlying acquisition preceded the later scheduled offence notification, and Article 20(1) does not prevent such proceedings. It also notes that where a property is already under a prior judicial attachment, the statutory likelihood of concealment or transfer may not be met for that property, while unexplained income, bank deposits and source of acquisition can support attachment for other properties. Case-Laws Money Laundering Thu, 24 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771648