https://www.taxtmi.com/caselaws?id=467099 Property shown to be proceeds of crime may remain subject to attachment under the money-laundering law even where a mortgagee bank claims a prior secured interest, because the statutory framework preserves legitimate claims without making a prior mortgage by itself sufficient to secure release. The inter se dispute between the bank and the mortgagors was treated as non-determinative. The document also states that the relevant enquiry is the date on which tainted property was laundered or projected as untainted, not merely the date of the predicate offence, because money-laundering is an independent and continuing offence. On that basis, retrospective non-application was rejected and the attachment was upheld. en-us Tue, 17 Dec 2024 00:00:00 +0530 Fri, 06 Mar 2026 20:54:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467099 Property shown to be proceeds of crime may remain subject to attachment under the money-laundering law even where a mortgagee bank claims a prior secured interest, because the statutory framework preserves legitimate claims without making a prior mortgage by itself sufficient to secure release. The inter se dispute between the bank and the mortgagors was treated as non-determinative. The document also states that the relevant enquiry is the date on which tainted property was laundered or projected as untainted, not merely the date of the predicate offence, because money-laundering is an independent and continuing offence. On that basis, retrospective non-application was rejected and the attachment was upheld. Case-Laws Money Laundering Tue, 17 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467099