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Money laundering is a continuing offence under PMLA Sections 3/4; prosecution possible as long as proceeds are possessed.

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....Offence of money laundering is a contining offence and relevance of the date of commission of the scheduled offence is irrelevant for the reason that as long as one is in possession of the proceeds of crime, he would be liable to be prosecuted for the offence under Section 3/4 of the PMLA - HC....