Loading...

Top
Help
×

By creating an account you can:

Logo TaxTMI
Call Us / Help / Feedback

Contact Us At :

E-mail: [email protected]

Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters 0/2000
TMI Blog
Home / TMI Blogs / RSS

Corresponding scheduled offences preserve money-laundering jurisdiction despite repeal of the central corruption provision where conduct remains covered by amended law.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Scheduled-offence status under the Prevention of Money Laundering Act depends on an underlying offence and is necessary to establish proceeds of crime and support a money-laundering investigation. Section 2(2) extends a Central enactment listed in the Schedule to its corresponding law applicable in Jammu and Kashmir. Although Section 13(1)(d) of the Central Prevention of Corruption Act was omitted, amended Section 7 continues to cover obtaining an undue advantage through abuse of official position or corrupt or illegal means. Criminal misconduct under Section 5(1)(d) of the J&K Act therefore remained a corresponding scheduled offence, sustaining Enforcement Directorate jurisdiction to register an ECIR and issue summons.....