Proceeds of crime: pre-existing property cannot be provisionally attached absent equivalent-value connection under the Prevention of Money Laundering Act.

Provisional attachment under the Prevention of Money Laundering Act requires a reasonable nexus between the attached property and the alleged criminal activity; only property derived from criminal activity, the value of such property, or equivalent-value property held domestically qualifies. Pre-existing immovable assets purchased before the scheduled offence cannot be attached absent qualification as equivalent-value property, whereas challenges to movable asset attachments are to be pursued through available remedies.

---

---

---