https://www.taxtmi.com/caselaws?id=771906 Under the Prevention of Money Laundering Act, liability requires a prima facie nexus with proceeds of crime through direct or indirect involvement in the process or activity connected with them. On the materials, the applicant was alleged only to have assisted in the underlying banking transactions and failed to report excesses in monthly returns; there was no allegation of possession, acquisition, use, concealment, or other post-generation dealing with proceeds of crime. The Court held that these facts did not disclose the essential ingredients of the PMLA offence against him, and the proceedings were quashed. en-us Thu, 01 May 2025 00:00:00 +0530 Wed, 28 May 2025 15:00:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771906 Under the Prevention of Money Laundering Act, liability requires a prima facie nexus with proceeds of crime through direct or indirect involvement in the process or activity connected with them. On the materials, the applicant was alleged only to have assisted in the underlying banking transactions and failed to report excesses in monthly returns; there was no allegation of possession, acquisition, use, concealment, or other post-generation dealing with proceeds of crime. The Court held that these facts did not disclose the essential ingredients of the PMLA offence against him, and the proceedings were quashed. Case-Laws Money Laundering Thu, 01 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771906